If $1,000 Were Invested Now at a 12% Interest Rate

question 137

Multiple Choice

If $1,000 were invested now at a 12% interest rate compounded annually, what would be the value of the investment in two years?

• A) $1,254
• B) $1,210
• C) $1,188
• D) $1,160

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Definitions:

Textual Poaching

Henry Jenkins’s term for the ways that audience members manipulate an original cultural product to create a new one; a common way for fans to exert some control over the media they consume.

Net Neutrality

The rule that mandates internet service providers to allow access to every type of content and application, irrespective of its origin, without discriminating or restricting specific products or websites.

Internet-Based Service

A service that is delivered and accessed over the internet, ranging from cloud computing to streaming media.

Privileged

Having special rights, advantages, or immunities not available to all, often based on social, economic, or political factors.