What Will Be the Maturity Value of $25,000 Placed in a 90-Day

question 37

Multiple Choice

What will be the maturity value of $25,000 placed in a 90-day term deposit paying a simple interest rate of 4.75%?

• A) $24,710.58
• B) $25,396.77
• C) $25,292.81
• D) $25,306.77
• E) $25,302.57

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Definitions:

Arbitration

A method of dispute resolution where an impartial third party makes a binding decision to resolve a conflict outside of court.

Deposition

A sworn, out-of-court oral testimony of a witness that is used for gathering information as part of the discovery process and, in limited circumstances, as testimony at trial.

Preserve Testimony

The practice of documenting and saving witness statements or depositions to ensure their availability for future legal proceedings.

Gravely Ill

A state of severe health condition that poses a threat to life or long-term well-being, often requiring intensive medical care.