A Deposit Of $\$ 3,000$ Is Made in an Account That Earns

question 49

Multiple Choice

A deposit of $\$ 3,000$ is made in an account that earns $4 \%$ interest compounded yearly. The balance in the account after N years is given by $A _ { N } = 3,000 ( 1 + 0.04 ) ^ { N }$ , $N = 1,2,3 , \ldots$ Find the balance in this account after $20$ years by computing $A _ { 20 }$ . Round your answer to the nearest cent.

• A) \(A _ { 20 } = \$ 5,403\)
• B) \(A _ { 20 } = \$ 62,400\)
• C) \(A _ { 20 } = \$ 6,573\)
• D) \(A _ { 20 } = \$ 3,245\)
• E) \(A _ { 20 } = \$ 6,321\)

Differentiate between education systems across countries and recognize the impact of certain programs like Head Start.

Identify the effects of familial economic status and educational attainment on children's education outcomes.

Recognize the traditional and modern reasons for the spread of mass schooling.

Understand the concept of the hidden curriculum and its implications in educational settings.

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Definitions:

Affective Reaction

The emotional response or feelings of an individual toward a particular experience, event, or change, which can significantly influence motivation and behavior.

Perceived Usefulness

The degree to which a person believes that using a particular system or tool will enhance their job performance or daily activities.

Formative Evaluations

Assessments conducted during the developmental phase of a program or product to improve its design and effectiveness.

Data

A collection of facts, figures, and detailed information that can be analyzed to support decision-making and research.