Provide an appropriate response.What is the general form of the compound interest formula for interest paid once a year?
A. A = P × APRY
B. A = P × (1 + APR)Y
C. A = P × APR
D. A = P - APR × Y
Answer: B
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Solve the problem.$702 is deposited into a savings account at 6% interest, compounded monthly. To the nearest year, how long will it take for the account balance to reach $1,000,000?
A. 109 years B. 121 years C. 85 years D. 170 years
The behavioral adjustment of a group of children placed in foster care was assessed twice a year over a period of 10 years. This is an example of a __________ research design.
A. cross-sectional B. psychophysiological C. longitudinal D. sequential
For the given principal, interest rate, and time period, determine the amount of interest that would be earned in an account paying simple interest. Also determine the amount of interest that would be earned in an account paying compound interest with interest compounded annually. Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent.Principal: $810 Rate: 4% Years: 17
A. $1027.00 B. $476.20 C. $217.00 D. $188.71
Find a general term, (ak), that fits the displayed terms of the given sequence.1, 5, 9, 13, 17
A. 
B. 
C. 
D. 