Two Years After Michelle Deposited $25 000 in a TD

question 134

Multiple Choice

Two years after Michelle deposited $25 000 in a TD Bank savings account that earned interest at 2.25% compounded monthly, the rate of interest was changed to 5.75% compounded semi-annually. How much was in the account fifteen years after the deposit was made?

• A) $26149.59
• B) $54641.30
• C) $61201.27
• D) $58510.72
• E) $54629.87

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Definitions:

Future Demand

The projected need or desire for products or services at some point in the future, based on current trends, data, or predictions.

No-need Objection

A type of resistance or hesitation expressed by a potential customer, based on the belief that they do not need the product or service being offered.

Prospect

A prospect is a potential customer who has been identified as having the interest and ability to purchase a product or service.

Sales Presentation

A promotional talk or pitch aimed at generating interest in a product or service.