Which of the Following Amounts Is Closest to the End

question 30

Multiple Choice

Which of the following amounts is closest to the end value of investing $7,500 for 2.5 years at an effective annual interest rate of 12.36%. Interest is compounded semiannually.

• A) $7,531
• B) $8,427
• C) $9,469
• D) $9,818
• E) $10,037

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Definitions:

Pyramid

A geometric solid shape with a polygonal base and triangular sides that converge to a single point at the top; also used to describe hierarchical structures in sociological and ecological contexts.

Gestalt Theorists

Psychologists who emphasize that the whole of anything is greater than its parts, focusing on patterns and configurations in human perception.

Figure-ground Reversals

A visual perception phenomenon where the viewer can switch between seeing a figure (object) and its surroundings as the background, or vice versa.

Law of Similarity

A principle in gestalt psychology stating that objects that are similar to each other are perceived as part of the same group.