Bradley Snapp Has Deposited £7,000 in a Guaranteed Investment Account

question 14

Multiple Choice

Bradley Snapp has deposited £7,000 in a guaranteed investment account with a promised rate of 6% compounded annually.He plans to leave it there for 4 full years when he will make a down payment on a car after graduation.How much of a down payment will he be able to make?

• A)£1,960.00
• B)£2,175.57
• C)£8,960.00
• D)£8,837.34
• E)£9,175.57

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Definitions:

Solicited Cover Letter

A cover letter written in response to a job advertisement or where the writer has been directly asked to apply.

Job Opportunity

A vacancy or position of employment available to job seekers.

Contractions

Shortened forms of words or phrases, often used in informal language, including "don't" for "do not."

Cover Letter

A letter attached to a job application detailing the candidate's qualifications and enthusiasm for the vacant role.