Suppose You Put $100 into a Savings Account Today, the Account

question 11

Multiple Choice

Suppose you put $100 into a savings account today, the account pays a simple annual interest rate of 6 percent, but compounded semiannually, and you withdraw $100 after 6 months.What would your ending balance be 20 years afte initial $100 deposit was made?

• A)$226.20
• B)$115.35
• C)$62.91
• D)$9.50
• E)$3.00

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Definitions:

Conformist Lifestyle

A way of living that closely follows the norms, values, and expectations of society, often at the expense of individuality.

Self-Efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Locus of Control

Pertains to a person's convictions about the origins of their experiences and the elements they credit for their successes or failures.

Anti-Social Risk Takers

Individuals who engage in behaviors that disregard others’ well-being, often involving thrill-seeking or criminal activities.