If Your Goal Was to Have the Largest Amount of Money

question 275

Multiple Choice

If your goal was to have the largest amount of money in your bank account in two years, which of the following would you choose? (Assume that the beginning deposit and all interest earnings remain in the account for the full two years.)

• A) A beginning deposit of $1,000, earning 4% per year
• B) A beginning deposit of $950, earning 5% per year
• C) A beginning deposit of $930, earning 8% per year
• D) A beginning deposit of $1,010 earning, 3% per year

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Definitions:

Erythrocytes

Red blood cells responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide from the tissues back to the lungs, facilitated by the protein hemoglobin.

Oxygen-carrying Capacity

The maximum amount of oxygen that can be carried in the blood, mainly determined by the hemoglobin concentration.

Thrombin

An enzyme in blood plasma that causes the clotting of blood by converting fibrinogen to fibrin, playing a central role in hemostasis.

Universal Recipient

A term commonly used to describe individuals with AB positive blood type, who can receive red blood cells from any other blood type.