When I Was Considering What to Do with the $6,000

question 11

Multiple Choice

When I was considering what to do with the $6,000 proceeds from my sale of technology stock, my broker suggested I invest half of it in municipal bonds, whose value was growing by 15% per year, and the other half in certificates of deposit (CDs) , which were yielding 7% per year compounded every 2 months. Assuming that these rates are sustained, how much will my investment be worth in 8 years Round your answer to the nearest cent. ?

• A)$14,412.19
• B) $9,177.07
• C) $14,412.09
• D) $5,235.02
• E) $14,411.09

---

Definitions:

Blockbuster Movies

Films that achieve enormous commercial success, often featuring large budgets, high-profile casts, and extensive marketing campaigns.

Deciding

The act of making a decision by picking one out of several possible paths.

Avoidance-Avoidance

A psychological conflict that involves making a decision between two equally unattractive options.

Conflict

A serious disagreement or argument, typically a prolonged one.