Complete the Following Chart, Which Illustrates What Happens to $8,000

question 20

Multiple Choice

Complete the following chart, which illustrates what happens to $8,000 invested at 12% for different lengths of time and different numbers of compounding periods. Round all of your answers to the nearest dollar. $$\begin{array} { | c | c | c | c | c | } \hline & \text { l year } & \text { T years } & \text { 14 years } & \text { 28 years } \\\hline \text { Compounded annually } & & & & \\\hline \text { Compoundedsemiannually } & & & & \\\hline \text { Compounded quatterly } & & & & \\\hline \text { Compounded monthly } & & & & \\\hline \text { Compounded continuously } & & & & \\\hline\end{array}$$

• A) \(\begin{array} { | c | c | c | c | }
• \hline 4480 & 8843 & 19548 & 95535 \\
• \hline 4494 & 9044 & 20447 & 104517 \\
• \hline 4502 & 9152 & 20938 & 109605 \\
• \hline 4507 & 9227 & 21284 & 113251 \\
• \hline 4510 & 9265 & 21462 & 115157 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | l | l | l | }
• \hline 9020 & 18531 & 42924 & 230314 \\
• \hline 9015 & 18454 & 42568 & 226502 \\
• \hline 9004 & 18303 & 41877 & 219209 \\
• \hline 8989 & 18087 & 40893 & 209035 \\
• \hline 8960 & 17685 & 39097 & 191071 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | c | c | c | }
• \hline 8960 & 17685 & 39097 & 191071 \\
• \hline 26966 & 54262 & 122680 & 627104 \\
• \hline 27012 & 54910 & 125631 & 657628 \\
• \hline 27044 & 55361 & 127703 & 679505 \\
• \hline 27060 & 55593 & 128773 & 690941 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | c | c | c | }
• \hline 8960 & 17685 & 39097 & 191071 \\
• \hline 8989 & 18087 & 40893 & 209035 \\
• \hline 9004 & 18303 & 219209 & 41877 \\
• \hline 9015 & 18454 & 226502 & 42568 \\
• \hline 9020 & 18531 & 230314 & 230314 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | l | l | l | l | }
• \hline 8960 & 17685 & 39097 & 191071 \\
• \hline 8989 & 18087 & 40893 & 209035 \\
• \hline 9004 & 18303 & 41877 & 219209 \\
• \hline 9015 & 18454 & 42568 & 226502 \\
• \hline 9020 & 18531 & 42924 & 230314 \\
• \hline
• \end{array}\)

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Definitions:

1555 Papal Bull

refers to the 'Peace of Augsburg,' a decree by the Holy Roman Emperor that allowed princes to choose either Lutheranism or Roman Catholicism as the official confession in their territories.

Paul IV

Pope from 1555 to 1559, who was notable for his role in the Counter-Reformation and his efforts to enforce the censorship of publications.

Council of Trent

An ecumenical council of the Roman Catholic Church convened between 1545 and 1563 to address the challenges of the Protestant Reformation and clarify Catholic doctrine.

Eucharist

A Christian sacrament commemorating the Last Supper, in which bread and wine are consecrated and consumed to symbolize the body and blood of Jesus Christ, celebrated across various denominations.