Kurt Invests $1,000 at a 10% Rate of Return for Twenty

question 260

Multiple Choice

Kurt invests $1,000 at a 10% rate of return for twenty years. The return is based on simple interest that is paid at the end of each year. Which one of the following is correct?

• A) Kurt will receive more interest in year twenty than in year one.
• B) Kurt will receive the same amount of interest each year.
• C) Kurt will not receive any interest for the first year.
• D) Kurt will receive less interest in year twelve than in year eight.
• E) Kurt will receive interest on both the principal and year one's interest in year two.

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Definitions:

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The measure of the body's ability to generate and get rid of heat, signifying the level of heat within the body.

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A therapeutic approach typically used in treating anxiety disorders, specifically PTSD, by gradually exposing patients to trauma-related stimuli.

Attribution Theory

A theory in social psychology that explains how individuals infer the causes of their own and other people's behavior, attributing it to either internal dispositions or external situations.