Assume That on 1 January 2011 You Deposit $1000 into a Savings

question 54

Multiple Choice

Assume that on 1 January 2011 you deposit $1000 into a savings account that pays 8% p.a.If the bank compounds interest annually,how much will you have in your account on 1 January 2014?

• A)$1292.43
• B)$1357.61
• C)$1259.71
• D)$1439.16

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Definitions:

Autonomy

The capacity to make an informed, un-coerced decision independently.

Beneficence

In ethics, it refers to the moral obligation to act for the benefit of others, promoting their well-being.

Expected Privacy

The level of privacy an individual can reasonably anticipate in a particular situation, often influenced by context and cultural norms.

Confidentiality

The assurance that personal or sensitive information is kept secure and not shared without authorization.