You Deposit $3,000 into an N-Year Certificate of Deposit That

question 375

Multiple Choice

You deposit $3,000 into an N-year certificate of deposit that pays 4.5 percent annual interest, and at the end of the N years you have $3,738.54. What is the number of years, N?

• A)4
• B)5
• C)6
• D)7

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Definitions:

Internal Doubts

Feelings of uncertainty or lack of confidence that originate from within oneself, often regarding one’s abilities, choices, or identity.

Self-Esteem

An individual's subjective evaluation of their own worth, including beliefs about oneself.

Object Relations

A school of psychodynamic thought that emphasizes the real (as opposed to fantasized) relations an individual has with others.

Conditional Positive Regard

Acceptance and love that are contingent upon a person's behaving in certain ways or meeting certain conditions.