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
Q18: Imagine that someone offers you $100 today
Q19: Suppose you put $350 into a bank
Q21: If you put $250 into an account
Q22: At an annual interest rate of 14
Q24: What is the future value of $500
Q25: What is the future value of $750
Q26: At an annual interest rate of 10
Q27: You put $150 in the bank two
Q28: You put $75 in the bank one
Q139: Suppose you are deciding whether to buy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents