You Have Deposited $5,000 in an Account That Pays 5

question 9

Multiple Choice

You have deposited $5,000 in an account that pays 5% interest each year. How much will you have in the account at the end of six years? Round your answer to the nearest dollar.

• A)$6,500
• B)$6,700
• C)$6,381
• D)none of the above

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Definitions:

Proposition

A proposed plan or action put forth for consideration or discussion.

Yoda

A fictional character from the "Star Wars" universe, known for his wisdom, mastery of the Force, and uniquely structured syntax.

Predicates

Functions or expressions in logic and mathematics that declare something about the subject, or in grammar, part of a sentence that tells something about the subject.

Equivalent

Denoting entities, ideas, or statements that have the same value, meaning, or function in a particular context.