If $8,000 Is Invested at 6

question 129

Multiple Choice

If $8,000 is invested at 6.5% for 7 years, find the future value if the interest is compounded daily. Use a 365-day year. ​

• A) $12,600.09
• B) $12,608.88
• C) $12,604.73
• D) $12,609.08
• E) $12,607.83

---

Definitions:

Ontological Argument

An argument (or set of arguments) that tries to prove the existence of God from the very concept of “God.” For example: God, by definition, is that Being with all possible perfection; existence is a perfection; therefore God exists.

Akhnaton

An ancient Egyptian pharaoh of the Eighteenth Dynasty who is noted for attempting to institute a monotheistic worship of the sun disk Aten.

Self-Creating

The concept of something or someone coming into existence or being through its own inherent capabilities, often used in philosophical and metaphysical discussions about the nature of being and creation.

Theodicies

Philosophical attempts to justify the goodness of God in the face of the existence of evil and suffering in the world.