If Cindy Deposits $12,000 into a Bank Account That Pays

question 53

Multiple Choice

If Cindy deposits $12,000 into a bank account that pays 6% interest compounded semiannually,what will the account balance be in seven years?

• A) 18,151
• B) 14,356
• C) 16,987
• D) 15,555

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Definitions:

Prioritizing Problems

The process of determining the order in which issues or challenges should be addressed based on their urgency, importance, or potential impact.

Realistically Possible

A term used to describe actions or outcomes that can feasibly be achieved given existing conditions and limitations.

Understandable Terms

Language or jargon simplified or explained in a way that can be easily comprehended by individuals without specialized knowledge in a subject.

Planning Stage

The phase in project management or intervention development where goals are set, strategies are outlined, and resources are identified and allocated for implementation.