If a Bank Will Pay 7% Interest Compounded Annually on $2,500

question 77

Multiple Choice

If a bank will pay 7% interest compounded annually on $2,500 deposited today, the depositor will receive how much at the end of 8 years?

• A)$3,900.00
• B)$3,950.45
• C)$4,267.63
• D)$4,295.47

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Definitions:

Pediculosis Capitis

Pediculosis Capitis is a common parasitic infestation of the scalp caused by head lice.

Numbness

A lack of sensation in a part of the body, often indicating damage or disease in nerves.

Psoriasis

A chronic inflammatory disease characterized by scaly patches.

Pediculosis Pubis

An infestation with pubic lice, a type of parasite that affects human genital areas, causing itching and discomfort.