How Much Would $100, Growing at 5% Per Year, Be

question 88

Multiple Choice

How much would $100, growing at 5% per year, be worth after 75 years?

• A) $3,689.11
• B) $3,883.27
• C) $4,077.43
• D) $4,281.30
• E) $4,495.37

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Definitions:

Tempting Alternatives

Enticing options that may distract from a primary choice or decision.

Committed

Describes being dedicated or bound to a cause, activity, or goal, demonstrating loyalty or obligation.

Informational Social Influence

The process of changing one's behavior to fit in with the group due to the belief that the group is competent and has the correct information.

Authority

The power or right to give orders, make decisions, and enforce obedience.