35. 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 Group of answer choices c b d a

Microeconomics
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ISBN:9781337617406
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Chapter16: Interest, Rent, And Profit
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35.

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

Group of answer choices

c

b

d

a

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