Lupe Deposits a Sum of $5,000 into an Account That

question 147

Multiple Choice

Lupe deposits a sum of $5,000 into an account that pays interest at the rate of r/year compounded monthly.Her investment at the end of 10 yr is given by . Approximately how much more would Lupe's account be worth at the end of the term if her account paid 9.1%/year instead of 9%/year? 9.2%/year instead of 9%/year? 9.3%/year instead of 9%/year?
(Hint: Use the differential of A to answer this questions.)

• A)$122.66, $243.31, $367.97
• B)$121.66, $263.31, $364.97
• C)$111.66, $263.31, $394.97
• D)$122.66, $241.31, $367.97
• E)$121.66, $243.31, $364.97

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Definitions:

Due Process Clause

A constitutional provision requiring that government actions against individuals follow fair procedures, including the right to a fair trial.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public services and infrastructure.

Due Process Clause

A constitutional guarantee providing fair treatment through the normal judicial system, especially as a citizen's entitlement.

Fourteenth Amendment

An amendment to the United States Constitution that grants citizenship to all persons born or naturalized in the USA, including former slaves, and guarantees all citizens equal protection of the laws.