You Can Put Your $100 in Bank a That Pays

question 9

Multiple Choice

You can put your $100 in Bank A that pays 8% at the end of the year.You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year.You will keep your $100 and all interest in the bank.At the end of the year

• A) the total will be the same at both banks.
• B) the total at Bank A will be greater.
• C) the total at Bank B will be greater.
• D) the total could be larger at either bank.

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Definitions:

Intimacy

The close, familiar, and usually affectionate or loving personal relationship with another person or group.

Commitments

Promises or obligations that an individual has agreed to fulfill, often requiring dedication and hard work.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Theory

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