Solve the Problem. -Alicia Invests $14,000 in a Savings Account Earning Interest at Earning

question 140

Multiple Choice

Solve the problem.
-Alicia invests $14,000 in a savings account earning interest at a rate of 9% compounded semiannually. Find the amount in the account at the end of 7 years.

• A)$11,927.23
• B)$25,927.23
• C)$25,592.55
• D)$24,810.75

---

Definitions:

MEO

Medium Earth Orbit, a region of space around Earth with altitudes between 2,000 and 35,786 kilometers, used for satellite communication and navigation systems.

Satellite Telephone Services

Communication services that use satellites to provide telephone connectivity to users in remote or underserved areas.

GEO

Commonly used as an abbreviation for geographical, related to the physical characteristics of the earth or the distribution of objects, people, or phenomena on Earth.

LEO

Low Earth Orbit, the region of space around the Earth at altitudes between approximately 160 to 2,000 kilometers.