You Start to Save for a Major Purchase

question 162

Multiple Choice

You start to save for a major purchase. You can invest $329 every three months starting today for 5 years and 9 months. You are able to earn 5.87% compounded semi-annually. What is the amount of interest that you earn during the entire term?

• A) $2092.49
• B) $2029.49
• C) $2292.49
• D) $2229.49
• E) $1475.72

---

Definitions:

Psychographics

Involves the study of consumer behaviors, lifestyles, interests, and attitudes to understand and segment markets more effectively.

Demographics

Statistical data relating to the population and particular groups within it, often used to identify consumer markets.

Behavior

The actions, reactions, or functioning of an organism, often in response to external stimuli, encompassing both observable activities and internal processes.

Geodemographics

The study of people based on where they live, integrating geography with demographic analysis for marketing and planning purposes.