A Home Improvement Firm Has Quoted a Price of $14,700

question 27

Multiple Choice

A home improvement firm has quoted a price of $14,700 to fix up Eric's backyard.Five years ago,Eric put $12,500 into a home improvement account that has earned an average of 4.75% per year.Does Eric have enough money in his account to pay for the backyard fix-up?

• A)Yes; Eric now has exactly $14,700 in his home improvement account.
• B)Yes; Eric has $15,764.50 in his home improvement account.
• C)No; Eric now has $10,519.32 in his home improvement account.
• D)There is not enough information to answer this question.

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Definitions:

Federal and State Laws

Regulations and statutes enacted by federal and state governments to govern individual and collective actions.

Insurance Reimbursement

The process by which health insurance providers compensate individuals or healthcare providers for services covered under a health insurance plan.

IDEA

The Individuals with Disabilities Education Act, a U.S. law ensuring services to children with disabilities throughout the nation.

Single Axis Diagnosis

A method of diagnosing psychiatric disorders focusing on a primary diagnostic category without systematically integrating multiple domains of functioning.