An Investor Deposited $10,500 in an Account

question 50

Multiple Choice

An investor deposited $10,500 in an account. At the end of year four, the account had accumulated $5,728.88. Over the first four years, the account earned ________ compounded annually.

• A) 11.5%
• B) 12.8%
• C) 14.6%
• D) 15.6%
• E) 23.1%

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Definitions:

Implicit Association Test (IAT)

A psychological assessment method measuring the strength of automatic associations between concepts in one's memory.

Postdecisional Dissonance

A form of psychological stress experienced after making a difficult choice, typically involving doubts about the decision.

Cognitive Dissonance

The mental discomfort or stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Justification of Effort

A concept in social psychology suggesting that individuals assign greater value to outcomes they have put effort into achieving.