INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 68

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Natalie is faced with two savings choices: Making a single deposit of $5,000 or making five annual deposits of $1,000. The interest rate on both is 4%, compounded monthly. The [ lump sum deposit | annual deposits ] plan will result in a higher balance at the end of five years.

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Definitions:

Brazil

The largest country in South America, known for its diverse culture, rainforests, and as the host of the world-famous Carnival festival.

Urban Free Blacks

Refers to African Americans who were not enslaved and lived in urban areas during the 17th, 18th, and 19th centuries.

Afro-Catholic Church

A term that could describe religious practices and communities combining elements of African traditional religions with Roman Catholic Christianity, particularly among African diaspora populations.

African-Americans

A term referring to citizens or residents of the United States who have total or partial ancestry from any of the black ethnic groups of Africa.