Solve the Problem. -Sumi Katoʹs Savings Account Has a Balance of $624. After

question 93

Multiple Choice

Solve the problem.
-Sumi Katoʹs savings account has a balance of $624. After 14 years what will the amount of interest Be at 1.5% compounded annually?

• A) $144.62
• B) $133.62
• C) $873.60
• D) $150.62

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Definitions:

Archival Research

A research method involving the examination of historical documents, records, and other archival materials to study trends, changes, and outcomes over time.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Surveys

Research methods involving the collection of data from a pre-defined group of respondents by means of standardized questions to study and interpret public opinions, behaviors, or characteristics.

Anthropologist

A scientist who studies human societies, cultures, and their development.