A 7-Month, $75,400 Guaranteed Investment Certificate Pays Simple Interest of 6.85

question 106

Multiple Choice

A 7-month, $75,400 Guaranteed Investment Certificate pays simple interest of 6.85%. Calculate the maturity value.

• A) $72,912
• B) $76,201
• C) $76,309
• D) $86,112
• E) $78,413

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Definitions:

Health Care Decisions

Choices made by individuals or their surrogates about medical treatments or interventions, including preferences regarding end-of-life care.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.

Role Expectations

The norms and behaviors that are anticipated from an individual performing a specific role or position in society or within an organization.

Culturally Competent Care

Healthcare provision that acknowledges and incorporates the social, cultural, and linguistic needs of patients.