Today Richard Is Investing $1,000 at 5% Interest for fiVe

question 13

Multiple Choice

Today Richard is investing $1,000 at 5% interest for five years. One year ago, Richard invested $1,000 at 6.25% for six years. How much money will Richard have saved in total five years from now
If both investments compound interest annually?

• A) $2,543.77
• B) $2,641.98
• C) $2,678.81
• D) $2,630.36
• E) $2,714.99

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Definitions:

Shareholders

Individuals or institutions that legally own one or more shares of stock in a public or private corporation, giving them a stake in the company's ownership.

Conscious Marketing Principle

An approach to marketing that recognizes the broader impacts of actions on stakeholders and society, aiming for ethical and sustainable practices.

Environmentally Damaging

Something is environmentally damaging if it has a negative impact on the natural world, including pollution, habitat destruction, and contributing to climate change.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.