Multiple Choice
Which of the following is the correct way to compute the future value of $100 put into an account that earns 4 percent interest for 10 years?
A) $100(1 + .0410)
B) $100(1 + .04 × 10)
C) $100 × 10 × (1 + .04)
D) $100(1 + .04) 10
Correct Answer:
Verified
Correct Answer:
Verified
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