The Managers of a Pension Fund Invested $2 Million in Government

question 115

Multiple Choice

The managers of a pension fund invested $2 million in government bonds paying 7.72% annual interest, compounded semiannually.After 3 years, what will the investment be worth? Round your answer to
The nearest thousand dollars.

• A)$3.510 million
• B)$2.510 million
• C)$3.660 million
• D)$5.650 million
• E)none of the above

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Political Story

A narrative or account that involves political events, figures, or contexts, often influencing public perception or policy.

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A broadcasted event in which presidential candidates discuss their policies, answer questions, and debate opposing viewpoints in front of a national audience.

Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, serving from 1953 to 1961, known for his leadership during World War II as Supreme Allied Commander.

Kennedy

Refers to John F. Kennedy, the 35th President of the United States, known for his leadership during the Cold War era.