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:

Cultural Capital

Non-financial social assets that promote social mobility, including education, intellect, style of speech, and appearance.

Social Finesse

The skillful and sensitive handling of social interactions and relationships.

Discursive Power

The ability to influence through the use of language, discourse, and communication, shaping people’s perceptions, identities, and societal norms.

Afrocentric Alternative School

Educational institutions that center Afrocentric values, cultures, and histories to provide a culturally relevant curriculum for students of African descent.