Based on Data from the New Immigrant Survey (2003)of the Basic

question 95

Multiple Choice

Based on data from the New Immigrant Survey (2003) of the basic characteristics of new legal immigrants over 18 years of age,which of the following statements is true?

• A)less than a quarter of new legal immigrants is female
• B)one-third of new legal immigrants is female
• C)one-half of new legal immigrants is female
• D)more than one-half of new legal immigrants is female

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Definitions:

Compounded Quarterly

In this scenario, interest is applied to the initial sum and any accumulated interest every three months.

Future Value

The value of an investment at a specific date in the future, taking into account factors like interest rates and time period.

Compounded Annually

Interest calculation method where the interest is added to the principal sum once a year, resulting in 'interest on interest.'

Present Value

The present valuation of a future financial sum or sequences of cash inflows, based on a specified rate of return.