Your Great-Aunt Wants to Help with Your College Graduation Party

question 127

Multiple Choice

Your great-aunt wants to help with your college graduation party.She has just placed $5,000 dollars in a bank account that will earn an annual rate of return of 6%.If you graduate in four years,how much will be in your party account?

• A)$7,120.89
• B)$6,142.96
• C)$5,960.47
• D)$6,312.38

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Social Capital

Social capital refers to the networks of relationships among people who live and work in a particular society, enabling that society to function effectively through mutual trust and cooperation.

Cultural Capital

Refers to the non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, dress, or physical appearance.

Myths

Traditional stories or legends that serve to explain natural phenomena, the origins of human social practices, or beliefs and values of a culture.