If You Invest $20 000 Today for Five Years at 8

question 45

Multiple Choice

If you invest $20 000 today for five years at 8% pa compounded quarterly how much will you have at the end of five years?

• A)$28 000.00
• B)$22 081.62
• C)$29 718.95
• D)$29 680.55

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Definitions:

Muromachi Shogunate

A period in Japanese history (1336–1573) characterized by the governance of the Ashikaga shogunate, known for its cultural development and military conflicts.

Tokugawa Shogunate

The last feudal Japanese military government which existed between 1603 and 1868, led by the Tokugawa family.

Katsura Imperial Villa

A masterpiece of Japanese architecture and garden design located in Kyoto, illustrating the height of aristocratic culture in the Edo period.

Tang Dynasty

A dynasty in China (618-907 AD) known for its cultural, artistic, and intellectual advancements, as well as its cosmopolitan capital, Chang'an.