Bruce Derr Invested $25,000 in an Account Which Pays Interest

question 81

Multiple Choice

Bruce Derr invested $25,000 in an account which pays interest at a rate of 7% that is compounded monthly.At the end of 4 years how much will Bruce have?

• A)$26,796.47
• B)$33,051.35
• C)$26,015.10
• D)$32,998.23

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Definitions:

Violation

The act of breaking or failing to comply with a rule, agreement, or law.

Social Rule

Guidelines and norms that govern behavior within a society or group, often implied and learned through social interaction.

Personal Bias

The inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Positivist Sociologists

Researchers who apply the scientific method and empirical evidence to study and understand social behaviors and structures.