You Have Deposited £1,500 in an Account That Promises to Pay

question 8

Multiple Choice

You have deposited £1,500 in an account that promises to pay 8% compounded quarterly for the next five years.How much will you have in the account at the end?

• A)£1,598.33
• B)£2,203.99
• C)£2,228.92
• D)£6,991.44
• E)None of the above.

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Definitions:

Experimental Group

In an experiment, the group that is exposed to an independent variable.

Participant Effect

The influence on research outcomes resulting from participants' awareness they are being studied, potentially altering their behavior.

Research Study

An investigation conducted to collect data and gain insights into a specific question or phenomenon, following systematic methods.

Intent

The determination or resolve to perform a particular act or the purposeful mental state that is directed towards a goal.