Solve the Problem. -An Initial Investment of $12,000 Is Appreciated for 2 Years

question 46

Multiple Choice

Solve the problem.
-An initial investment of $12,000 is appreciated for 2 years in an account that earns 5% interest, compounded quarterly. Find the amount of money in the account at the end of the period.

• A)$1253.83
• B)$13,253.83
• C)$13,230.00
• D)$13,090.21

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Definitions:

Economic Behaviorists

Researchers or theorists who study the decision-making processes of individuals and institutions, often investigating how psychological, social, cognitive, and emotional factors affect economic decisions.

Supply-Siders

Advocates of the economic theory that reducing taxes and regulations on businesses stimulates production and economic growth.

Rational Expectationists

Economists who believe that individuals and firms use all available information when making economic decisions, leading to outcomes that can be anticipated based on past trends.

Fiscal Policy

Government policies on taxation and spending that are used to influence the economy.