Solve. -How Much Would an Initial Bank Deposit Need to Be

question 171

Multiple Choice

Solve.
-How much would an initial bank deposit need to be in order to earn $2300 at 10% for 8 years? (Round to the nearest dollar.)

• A) $29
• B) $184,000
• C) $1840
• D) $2875

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Definitions:

Compromise

A method of conflict resolution where two or more parties each concede some of their demands to reach a mutually acceptable agreement.

Critical Reflection

The process of analyzing and evaluating one's thoughts, actions, and experiences to gain deeper understanding and improve future outcomes.

Character Strengths

Positive traits or qualities that are considered inherent in individuals and contribute to their overall well-being and ability to achieve personal goals.

Cultures

The shared beliefs, practices, norms, and values of a group of people that influence their behavior and way of life.