If $4,000 Is Put in a Savings Account Today, What

question 1

Multiple Choice

If $4,000 is put in a savings account today, what amount will be available six years from now?

• A)$4,000 × 1.080 × 6
• B)$4,000 × 1.080 × 1.469
• C)$4,000 × 1.166 × 3
• D)$4,000 × 1.260 × 2 Items 59 through 61 apply to the appropriate use of present value tables.Given below are the present value factors for $1.00 discounted at 10% for one to five periods.Each of the items 59 to 61 is based on 10% interest compounded annually.

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Definitions:

Freud

Also known as the father of psychoanalysis, Freud developed theories on the unconscious mind, mechanisms of repression, and the importance of dreams.

Latency Period

In psychoanalytic theory, a stage of psychosexual development in childhood where sexual urges are inactive or dormant.

Birthday Party

A celebration of the anniversary of someone's birth, often involving social gatherings and festivities.

Mostly Girls

Typically refers to situations, groups, or contexts where the majority of individuals are female.