Assume That $1,400 Is Deposited in an Account in Which

question 65

Multiple Choice

Assume that $1,400 is deposited in an account in which interest is compounded annually at a rate of 8%.Find the accumulated amount after 2 years rounded to the nearest cent.

• A)$1,532.96
• B)$1,582.96
• C)$1,632.96
• D)$2,032.96
• E)$1,732.96

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Definitions:

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Stress-Induced Mental Illness

A mental health disorder triggered or exacerbated by stressful situations or events.

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Harm or damage inflicted on the body of a person, often through accidents or acts of violence.

American Society

The collective social dynamics, practices, and norms found within the United States.