What Amount Will Be in a Bank Account Three Years

question 19

Multiple Choice

What amount will be in a bank account three years from now if $6,000 is invested each year for four years with the first investment to be made today?

• A)($6,000 × 1.260) + ($6,000 × 1.166) + ($6,000 × 1.080) + $6,000
• B)$6,000 × 1.360 × 4
• C)($6,000 × 1.080) + ($6,000 × 1.166) + ($6,000 × 1.260) + ($6,000 × 1.360)
• D)$6,000 × 1.080 × 4

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Definitions:

Operational Definition

A clear, precise description of how variables are measured or defined in a research study.

Abstract Conceptual Variable

A variable that represents intangible qualities or ideas that are not directly observable but can still be measured through indirect means.

Death Anxiety

The fear or apprehension about the inevitability of death or the dying process, which can influence personal behavior, beliefs, and psychological well-being.

Independent Variable

The variable that is manipulated or changed in an experiment to test its effects on the dependent variable.