What Amount Invested at 10% Compounded Semiannually Will Be Worth

question 251

Multiple Choice

What amount invested at 10% compounded semiannually will be worth $6380.00 after 38 months?

• A) $8690.00
• B) $6331.04
• C) $4684.05
• D) $999.14
• E) $3488.73

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Definitions:

Assimilation

The process by which a person or group's language and/or culture come to resemble those of another group.

Current Understanding

Refers to the present level of knowledge and comprehension surrounding a particular subject or topic.

Back To Sleep Position

A recommended sleeping position for babies, lying on their back, to reduce the risk of Sudden Infant Death Syndrome (SIDS).

Walking

The act of locomotion on foot, involving a series of rhythmical steps that move the body forward while maintaining stability.