How Much Money Would You Have at the End of Five

question 175

Multiple Choice

How much money would you have at the end of five years if you made deposits of $450 at the end of every month into an investment that accumulated at 18% compounded monthly?

• A) $116,843
• B) $43,297
• C) $31,860
• D) $27,000
• E) $17,721

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain or used to satisfy human needs.

Infinite Resources

The theoretical concept of having unlimited materials or assets available, which contrasts with the reality of finite resources in the world.

Commons Dilemmas

Situations where individual interests conflict with the collective good, often leading to the overuse or depletion of shared resources.

Armed Conflicts

Instances of prolonged violence between national military forces, or between armed groups within a nation, often recognized by significant levels of aggression and organized combat.