George Jefferson Established a Trust Fund That Provides $150,000 in Scholarships

question 83

Multiple Choice

George Jefferson established a trust fund that provides $150,000 in scholarships each year for worthy students. The trust fund earns a 4.25% rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed?

• A) $3,291,613.13
• B) $3,529,411.77
• C) $3,750,000.00
• D) $4,328,970.44
• E) $6,375,000.00

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Definitions:

Minority Influence

A form of social influence where a smaller portion of a group changes the attitudes, beliefs, or behaviors of the larger group.

Conformity And Photocopying

The phenomenon where individuals adjust their actions or opinions to align with a perceived group norm, illustrated by studies observing behavior change in the context of a photocopying scenario.

Minority Individuals

Refers to individuals who belong to a demographic group that is smaller in number within a larger population, often highlighted in discussions about diversity, equity, and representation.

Inconsistent

Showing lack of uniformity or steadiness; contradictory or not compatible with previous actions or statements.