When Using a Financial Calculator, Which of the Following Is

question 73

Multiple Choice

When using a financial calculator, which of the following is the correct way to find the future value of $200 deposited today in an account for four years paying annual interest of 3%?

• A) N=4, i=.03, PV=-200, PMT=0, solve for FV
• B) N=4, i=3, PV=-200, PMT=0, solve for FV
• C) N=4, i=3, PV=0, PMT=$200, solve for FV
• D) N=4, i=3, FV=200, PMT=0, solve for PV

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Definitions:

Aqueous Acid

A solution where an acid is dissolved in water to increase its ion concentration.

Bromination

A chemical reaction involving the addition of bromine to a compound, often used for adding bromine atoms to organic molecules.

Benzene Sulfonic Acid

A compound with a sulfonic acid group attached to a benzene ring, used in the production of detergents.

Dibromobenzene

Dibromobenzene refers to any of the compounds containing a benzene ring substituted with two bromine atoms, known in three isomeric forms.