June Made an Initial Deposit of $4700 in an Account

question 242

Multiple Choice

June made an initial deposit of $4700 in an account for her son. Assuming an interest rate of 8% compounded quarterly, how much will the account be worth in 12 years?

• A) $11,920.81
• B) $12,047.53
• C) $12,159.23
• D) $7710.85

Recognize the importance of avoiding tobacco and excessive sun exposure for good health.

Understand dietary recommendations to reduce the risk of cancer.

Identify strategies for preparing meals that accommodate specific dietary needs.

Understand the importance of hydration for overall health.

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Definitions:

Actual Notice

The direct and explicit knowledge given to a person about a specific piece of information, ensuring they are aware of it.

Constructive Notice

Legal notice presumed by law to have been acquired by a person and thus binding on that person, regardless of actual knowledge of the notice.

Subagent

An agent appointed by another agent with the original principal's authorization, typically to help perform some duty or function.

Apparent Authority

The appearance or assumption of authority based on the actions or representations of the principal.