According to the U

question 66

Multiple Choice

According to the U.S.Bureau of Labor Statistics,the average length of marriage before divorce is

• A)less than 1 year.
• B)9 years.
• C)23 years.
• D)42 years.

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Definitions:

Invested

The method of placing financial resources in expectation of yield or profit.

Compounded Semi-annually

This refers to the process of applying interest to an initial sum plus any previously earned interest, and this action occurs twice a year.

Compounded Quarterly

Refers to the process of calculating and adding interest to the principal balance four times a year.

Eight Year Note

A debt instrument with a fixed interest rate and a maturity of eight years, at which point the principal sum is repaid to investors.