Your Mother Helped You Start Saving $25 a Month Beginning

question 71

Multiple Choice

Your mother helped you start saving $25 a month beginning on your 10^th birthday. She always made you make your deposit on the first day of each month just to "start the month out right." Today,you turn 21 and have $4,482.66 in your account. What is your rate of return on your savings?

• A) 5.25%
• B) 5.29%
• C) 5.33%
• D) 5.36%
• E) 5.50%

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Definitions:

Assessment Interview

A structured conversation designed to evaluate an individual's mental health, skills, abilities, or needs by asking targeted questions and observing responses.

Difficulty Hearing

A reduced ability to perceive sounds compared to what is considered normal hearing.

Older Adult Patient

A patient who is typically aged 65 years or older and may have unique healthcare needs related to aging.

Frowning

A facial expression typically denoting disapproval, concern, or puzzlement, characterized by furrowing of one's brow.