If Your Investment of $5000 with the Bank Carries a Compound

question 70

Multiple Choice

If your investment of $5000 with the bank carries a compound interest of 8.75% per annum,the value of your investment at the end of three years is:

• A) $1430.69
• B) $6312.50
• C) $6430.69
• D) $5437.50

Recognize the role of factor analysis in identifying related traits or abilities.

Understand the implications of scoring either above or below the mean on intelligence tests.

Comprehend Charles Spearman's theory of general intelligence and its applications.

Recognize the importance of deviation IQ scores and percentile ranks in interpreting test results.

---

Definitions:

Prices Received

refers to the amount of money that sellers receive for their goods or services in the market.

Parity Ratio

A ratio used to compare the value of one thing to another, such as the price of a commodity to the price of a set of other goods or incomes.

Prices Received

The amount of money sellers actually receive for the goods or services they sell, after discounts, allowances, and deductions.

Prices Paid

The amount of money spent by purchasers to acquire goods and services.