Rob Wants to Invest $15,000 for 7 Years

question 50

Multiple Choice

Rob wants to invest $15,000 for 7 years.Which one of the following rates will provide him with the largest future value?

• A)3 percent simple interest
• B)3 percent interest, compounded annually
• C)2 percent interest, compounded annually
• D)4 percent simple interest
• E)4 percent interest, compounded annually

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Definitions:

Difficulty Sleeping

Issues related to falling asleep or staying asleep, which can include insomnia, disturbed sleep patterns, or poor sleep quality.

Violent Behavior

Actions that involve force intended to hurt, damage, or kill someone or something.

Bizarre Somatic Delusions

False beliefs about the body that are unrealistic and often grotesque or absurd.

Spousal Abuse

The act of causing physical, emotional, sexual, or financial harm to one's partner within the context of a marital or intimate relationship.