If You Put $1,000 in a Saving Account and Make

question 4

Multiple Choice

If you put $1,000 in a saving account and make no further deposits, what type of calculation would provide you with the value of the account in 20 years?

• A) Future value of a single amount
• B) Simple interest
• C) Present value of a single amount
• D) Present value of a series of deposits
• E) Future value of a series of deposits

---

Definitions:

Audience Effects

Impact of the presence of others on individual task performance.

Competition

Competition is a situation where individuals or groups vie for the same objective, such as a resource or recognition, which may not be sufficient to be shared.

Supervisor

An individual in charge of overseeing and directing the work of others, typically in a work or academic setting.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically performing better on simple or well-rehearsed tasks and worse on complex or new ones.