Jim Moore Opens a New Savings Account

question 27

Multiple Choice

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is

• A) $66,081.20
• B) $50,000.00
• C) $16,081.20
• D) $88,555.42
• E) None of these

Understand the dynamics of prison gangs and their comparative advantage in contraband trafficking.

Comprehend the roles, models, and ethical dilemmas faced by probation and parole officers in balancing treatment and control functions.

Recognize the various forms of misuse of authority within prisons and the ethical considerations in managing inmate relations.

Understand the mechanisms through which racial categories and hierarchies have been constructed and maintained throughout history.

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Definitions:

Incremental Cash Flows

The additional cash flow a company receives from taking on a new project or investment, after accounting for expenses.

Market Values

The market price at which a service or asset can currently be sold or bought.