Your Broker Is Offering 1

question 115

Multiple Choice

Your broker is offering 1.2 percent compounded daily on its money market account. If you deposit $7,500 today, how much will you have in your account 15 years from now? 

• A) $8,979.10 
• B) $9,714.06 
• C) $8,204.50 
• D) $9,336.81 
• E) $9,414.14 

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Definitions:

Congress

The bicameral legislature of the federal government of the United States consisting of two houses: the Senate and the House of Representatives.

Plessy V. Ferguson

A significant 1896 decision by the Supreme Court of the United States that affirmed the legality of racial segregation, as long as the separate facilities were equal.

Supreme Court

The apex judicial authority in the U.S., responsible for interpreting the Constitution and reviewing cases that have significant legal implications nationwide.

Segregation

A policy or practice of separating people of different races, classes, or ethnic groups, especially as a form of discrimination.