You Decide to Deposit $1,000 at a Local Bank for Two

question 52

Multiple Choice

You decide to deposit $1,000 at a local bank for two years at a 5% rate of interest compounded annually. What is the future value of your investment? (Use the future value of $1 factor table provided) .
Excerpt of Future Value of $1 Table
$$\begin{array} { | c | c | } \hline \text { Periods } & 5 \% \\\hline 1 & 1.05 \\\hline 2 & 1.10 \\\hline 3 & 1.16 \\\hline 4 & 1.22 \\\hline 5 & 1.28 \\\hline 6 & 1.34 \\\hline 7 & 1.41 \\\hline 8 & 1.48 \\\hline 9 & 1.55 \\\hline 10 & 1.63 \\\hline 11 & 1.71 \\\hline 12 & 1.80 \\\hline\end{array}$$

• A) $1,000
• B) $1,050
• C) $1,160
• D) $1,100

---

Definitions:

Human Research Ethics

The moral principles guiding researchers to conduct studies in ways that respect the dignity, rights, and welfare of participants.

Social Neuroscience

An interdisciplinary field focused on understanding how biological systems underlie social processes and behaviors.

Biological Entities

Organisms or living systems that are studied in biology, which can range from single-celled organisms to complex multicellular life forms.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience, cognition, emotion, and social interactions.