If $49000 Is Invested at an Interest Rate of 2

question 96

Multiple Choice

If $49000 is invested at an interest rate of 2.5% per year find the amount of the investment at the end of 20 years if the money is compounded monthly. Round to the nearest hundredth.

• A) $50239.13
• B) $49000
• C) $80292.21
• D) $80745.33
• E) $51082.58

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heartbeat, digestion, and breathing.

Autonomic Activity

Involuntary physiological functions controlled by the autonomic nervous system, including heart rate, digestion, respiratory rate, pupillary response, urination, and sexual arousal.

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.

Trembling

Involuntary shaking or quivering movements, often as a result of emotion, cold, or medical conditions.