If $20,000 Was Invested 82 Days Ago at an Interest

question 182

Multiple Choice

If $20,000 was invested 82 days ago at an interest rate of 13.75%, what would be the value of the investment today?

• A) $19,401
• B) $20,618
• C) $22,750
• D) $20,000
• E) $26,306

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Definitions:

Indigenous Languages

The first languages used by the original inhabitants of a region, which are part of their cultural heritage.

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Paralanguage

The aspect of spoken communication that is not verbal, including tone, pitch, volume, and speed of speaking, which can affect the message's meaning.

Illiterate People

Individuals who are unable to read or write.