Fred Deposited $5,000 in an Account That Promised a Nominal

question 26

Multiple Choice

Fred deposited $5,000 in an account that promised a nominal interest rate of 8% compounded continuously for his daughter who will be going to college in 18 years. How much will she have in the account in 18 years?

• A) $19,980
• B) $20,054
• C) $21,103
• D) $21,694

Understand the impact of various parenting styles on child development.

Recognize the changing dynamics of parent-child interactions across different stages of child development.

Identify the role of parents in managing and facilitating their child's social and emotional development.

Analyze the effect of cultural, ethnic, and social factors on parenting styles and practices.

---

Definitions:

Least Safe

Describing a condition or situation that poses the most significant risk of harm, injury, or danger to individuals or property.

Unfavorable Balance

Describes a situation where a country's imports exceed its exports, leading to a deficit in the balance of payments.

International Monetary Fund

An international organization established in 1944 to promote global monetary cooperation, secure financial stability, and facilitate international trade.

International Banking Institution

A financial entity operating across national borders, dealing in currency exchange, foreign investment, and international loans.