Calculate the Accumulated Value After Ten Years of Payments of $1000.00

question 39

Multiple Choice

Calculate the accumulated value after ten years of payments of $1000.00 made at the end of each year if interest is 6% compounded monthly.

• A) $10 228.03
• B) $13 285.11
• C) $10 228.56
• D) $10 600.00
• E) $13 228.03

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Definitions:

Spyware

Software that collects information without user consent, using keystroke logging, gaining access to saved documents, and recording Internet activity. Results in unsolicited pop-ups and identity theft.

Trojan

A virus program that appears to be a normal application but that, when executed, changes something. It does not replicate but could gather information that could later be used to hack into someone’s computer.

Multifactor Authentication

A security system requiring more than one method of authentication from independent categories of credentials to verify the user's identity.

Password/PIN

Security measures used to protect access to devices and accounts, consisting of a secret series of characters (password) or numbers (PIN) known only to the user.