You Decide to Deposit $2,000 at a Local Bank for Two

question 72

Multiple Choice

You decide to deposit $2,000 at a local bank for two years at a 8% rate of interest compounded annually. What is the future value of your investment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Use the formula approach.

• A) $2,000
• B) $2,160
• C) $2,343
• D) $2,333

Understand positive psychology and its focus on positive human experiences.

Distinguish between different coping strategies used by men and women.

Identify personality types and their correlation to health outcomes.

Comprehend the physiological and psychological effects of stress.

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Definitions:

Laptop Computers

Portable personal computers with a clamshell form factor, suitable for mobile use and equipped with a keyboard and a screen.

Electronic Textbooks

Digital versions of textbooks that can be accessed on electronic devices like computers, tablets, or e-readers.

Complementary Goods

Products or services that are used together, where the demand for one is linked to the demand for another.

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, opposite to normal goods.