At the Birth of Their Child, the Fieldsons Deposited $5000

question 162

Multiple Choice

At the birth of their child, the Fieldsons deposited $5000 in an account paying 8% interest, compounded quarterly.How much will be available when the child turns 11?

• A)$11,849.73
• B)$12,250.67
• C)$5,975.14
• D)$12,050.81
• E)$11,950.27

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Definitions:

Freud's Theory

A set of psychological and psychoanalytical theories developed by Sigmund Freud, focusing on unconscious drives, desires, and childhood experiences.

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Sigmund Freud

Originating from Austria, this neurologist established psychoanalysis as a method for addressing mental health conditions, employing conversation as the treatment mechanism between a psychoanalyst and their patient.