Everyone Thought He Was Being Foolish Again When, 65 Years

question 136

Multiple Choice

Everyone thought he was being foolish again when, 65 years ago, great-great-uncle Crazy Louie invested $150 in the common stock of a company that produced a carbonated soft drink in Atlanta Georgia. The value of the stock has grown at an average rate of 15% compounded semi-annually. What's the value of Crazy Louie's foolish investment now?

• A) $13,559,733
• B) $5,872,556
• C) $1,816,317
• D) $925,767
• E) $146,250

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Definitions:

Confessions

The act of admitting involvement in a crime or wrongdoing, often discussed in legal and psychological contexts.

Mere-exposure Effect

A mental effect in which individuals grow fond of something simply because it is known to them.

Familiar

Well-known or easily recognized, often through frequent contact or experience.

Proximity

The physical closeness or nearness of objects or individuals, influencing social relations and perceptions.