Solve the Problem

question 52

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-Samantha's savings account has a balance of $4643. After 25 years, what will the amount of interest be at 6% compounded annually?

• A) $15,289.16
• B) $15,275.16
• C) $15,284.16
• D) $2785.80

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Definitions:

Psychogenic Needs

Emotional and psychological needs that motivate individuals to perform actions or pursue goals for personal satisfaction.

A Priori Needs

Needs or requirements that are understood or established prior to a project or assessment, based on theoretical deduction rather than empirical evidence.

Actualization Needs

The highest level in Maslow's hierarchy of needs, focusing on realizing personal potential, self-fulfillment, and seeking personal growth.

Drive Theory

A psychological theory that suggests motivation is driven by an individual's desire to fulfill basic physiological needs and reduce internal tensions.