You Deposited $1,000 in a Savings Account That Pays 8

question 114

Multiple Choice

You deposited $1,000 in a savings account that pays 8 percent interest,compounded quarterly,planning to use it to finish your last year in college.Eighteen months later,you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school,so you close out your account.How much money will you receive?

• A) $1,171
• B) $1,126
• C) $1,082
• D) $1,163
• E) $1,008

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Definitions:

Psychodynamic Perspective

A method within psychology that concentrates on examining the psychological elements that drive human actions, sensations, and emotions, with a particular interest in their ties to early experiences.

Unconscious Hatred

Deep-seated animosity or aversion that one is not fully aware of or unable to acknowledge.

Angry Outbursts

Sudden expressions of strong anger or frustration, often resulting in verbal or physical aggression.

Behavioral Perspective

A way of looking at psychology that emphasizes observable behaviors and the ways in which environment determines behavior.