If $10, 000 Is Invested on December 31, 2008, to Earn

question 69

Multiple Choice

If $10, 000 is invested on December 31, 2008, to earn compound interest semiannually, and if the future value on December 31, 2018, is $38, 697, what is the semiannual interest rate on the investment?

• A)6%
• B)7%
• C)8%
• D)9%

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Definitions:

Appraisals

What other people think about us.

Reflected Appraisals

The process by which individuals form perceptions of themselves based on how they believe others view them.

Self-Regulatory Perseveration

The continuous effort to control or regulate one's thoughts, feelings, or behaviors in a way that persists beyond the point of utility or healthfulness.

Depression

A common but serious mood disorder that affects how one feels, thinks, and manages daily activities.