If the Value of the Principal Today Is $17,567 and the Interest

question 29

Multiple Choice

If the value of the principal today is $17,567 and the interest rate is 0.93%,what is the total simple interest income at the end of fifteen years?

• A)$17,567
• B)$2,540.60
• C)$82,765.65
• D)$300.56
• E)None of the above.

---

Definitions:

Diversity

The inclusion of individuals from various backgrounds, cultures, genders, and races within a community or organization.

Debunking

Looking behind the facades of everyday life.

Peter Berger

A sociologist known for his work in the sociology of knowledge, religion, and his contributions to sociological theory, notably in his book "The Social Construction of Reality."

Manifest Functions

The explicit and intended outcomes or consequences of social institutions and processes.