Jane Deposited $1000 into a Saving Account Paying 12% Interest

question 24

Multiple Choice

Jane deposited $1000 into a saving account paying 12% interest compounded continuously.After 45 years, how much money did she have in the account?

• A)$25,759.09
• B)$157,896.32
• C)$221,406.42
• D)$257,895.78

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Definitions:

Equal Protection Clause

A provision in the Fourteenth Amendment of the U.S. Constitution forbidding states from denying any person within its jurisdiction equal protection under the law.

Fourteenth Amendment

An amendment to the U.S. Constitution, guaranteeing equal protection under the law, and was instrumental in establishing civil rights.

Same-Sex Marriages

The legally or socially recognized marriage between two individuals of the same sex, now legal in numerous countries and jurisdictions around the world.

Rights and Status

The entitlements and positions held by individuals or groups in a society, which can be legally, socially, or morally recognized.