You Plan on Saving $5,200 This Year,nothing Next Year,and $7,500

question 128

Multiple Choice

You plan on saving $5,200 this year,nothing next year,and $7,500 the following year.You will deposit these amounts into your investment account at the end of each year.What will your investment account be worth at the end of year three if you can earn 8.5 percent on your funds?

• A)$13,528.12
• B)$13,621.57
• C)$13,907.11
• D)$14,526.50
• E)$14,779.40

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Definitions:

Personality Differences

Variations in the patterns of thinking, feeling, and behavior that distinguish one person from another.

Family Situations

The social and emotional context or conditions in which a family unit operates.

Emotional Stability

A personality trait characterized by the ability to remain calm and composed, especially in stressful situations.

Big Five

A model outlining five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.