Alex and Courtney Are Each Investing $1,200 Today in a Savings

question 8

Multiple Choice

Alex and Courtney are each investing $1,200 today in a savings account. Alex will earn 4% interest compounded annually. Courtney will earn 4% simple interest. After five years Alex will have ____ more than Courtney.

• A) $19.98
• B) $20.13
• C) $20.17
• D) $20.21
• E) $20.28

Comprehend the role of merchandise inventory in accounting and its normal balance.

Know the terms related to shipping and their impact on freight costs and title passage.

Recognize the documentation used in the purchasing process and their purposes.

Understand the effects of buying and returning merchandise on financial statements.

---

Definitions:

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual that are characteristic over long periods.

Psychodynamic

A psychological perspective that analyzes how behavior springs from unconscious drives and conflicts.

Theoretical Systems

Frameworks or models that are developed to explain various phenomena or behaviors through abstract concepts and interactions.

Personality

A set of emotional, cognitive, and behavioral patterns that are relatively stable over time and across situations, and that distinguish one individual from another.