Solve the Problem. -An Initial Investment of $14,000 Is Appreciated for 4 Years

question 89

Multiple Choice

Solve the problem.
-An initial investment of $14,000 is appreciated for 4 years in an account that earns 13% interest, compounded semiannually. Find the amount of money in the account at the end of the period.

• A)$22,826.63
• B)$23,169.94
• C)$9169.94
• D)$21,755.81

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Definitions:

Nuclear Bomb

A weapon of mass destruction that releases energy through nuclear reactions, capable of causing widespread devastation and loss of life.

Thermonuclear Research

Involves the study and experimentation with nuclear fusion reactions, aiming at understanding and harnessing the process that powers the sun to produce energy.

Hydrogen Bomb

A type of nuclear weapon that releases energy through the fusion of hydrogen isotopes, resulting in a significantly more powerful explosion than atomic bombs.

Nuclear Waste Repository

A designated area where nuclear waste is stored safely to prevent it from causing harm to the environment and human health.