Suppose That a Landlord Is Interested in Renting Out a Two-Bedroom

question 2

Multiple Choice

Suppose that a landlord is interested in renting out a two-bedroom apartment for $1000 a month for the next year. The landlord requires rent to be paid at the beginning of the month, at which point he will deposit the rental check into a local savings account. If the annual interest that the tenant can earn on this account is 5% and interest is compounded monthly, how much will the tenant have in his savings account at the end of the year?

• A) $12,278.86
• B) $12,330.01
• C) $13,330.02
• D) $15,917.13

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Definitions:

Intergroup Conflict

Disagreement or confrontation between different groups, often arising from competition for resources or fundamental differences in values and beliefs.

Perceptions

The process of organizing, identifying, and interpreting sensory information to represent and understand the environment.

Evolutionary Theory

A theory that explains the adaptation and change of species over time through natural selection and genetic variation.

Warlike

Having or showing a propensity for conflict or warfare; aggressive and militant in nature.