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Which of the Following Is the Correct Way to Compute

Question 118

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 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 + .04<sup>10</sup>) B) $100(1 + .04 10) C) $100 × 10 (1 + .04) D) $100(1 + .04) <sup>10</sup> 10)
C) $100 × 10 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 + .04<sup>10</sup>) B) $100(1 + .04 10) C) $100 × 10 (1 + .04) D) $100(1 + .04) <sup>10</sup> (1 + .04)
D) $100(1 + .04) 10

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