If $100 Is Placed in an Account That Earns a Simple

question 19

Multiple Choice

If $100 is placed in an account that earns a simple 4 percent,compounded quarterly,what will it be worth in 5 years?

• A) $122.02
• B) $105.10
• C) $135.41
• D) $120.90
• E) $117.48

---

Definitions:

Group Therapy

A form of psychotherapy involving one or more therapists working with several individuals simultaneously in a group setting.

Ethnotherapy

A therapeutic approach that incorporates the client's cultural beliefs, practices, and experiences into the healing process.

Northern And Western European

Referring to countries located in the northern and western parts of Europe, often characterized by specific cultural, historical, and social attributes.

Individualism

The principle or social outlook that emphasizes the moral worth of the individual over the collective, often associated with independence and self-reliance.