Approximately How Long Must One Wait (To the Nearest Year)for

question 24

Multiple Choice

Approximately how long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually?

• A) 9 years
• B) 14 years
• C) 22 years
• D) 25 years

---

Definitions:

Lazarus Theory

A psychological theory that suggests that the experience of stress is a result of an interaction between an individual's perception of a stressor and their ability to handle or cope with the stressor.

Physiological Reaction

A bodily response to an internal or external stimulus, involving complex biological processes and mechanisms.

James-Lange Theory

A theory of emotion proposing that emotions result from the perception of bodily reactions to stimuli, suggesting that we feel sad because we cry, angry because we strike.

Intrinsic Motives

Internal drives that inspire behavior based on internal rewards, satisfaction, or personal fulfillment.