You Are Scheduled to Receive $7,500 in Three Years

question 40

Multiple Choice

You are scheduled to receive $7,500 in three years.When you receive it,you will invest it for eight more years at 7.5 percent per year.How much will you have in eleven years?

• A)$13,376.08
• B)$14,428.09
• C)$15,110.24
• D)$16,113.33
• E)$16,617.07

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Definitions:

Standardize

The process of making something conform to a standard, often to ensure consistency and comparability between different instances or measures.

Low Reliability

Refers to the inconsistency or lack of dependability in the results or performance of a measure, test, or system.

High Validity

The extent to which a test, experiment, or measure accurately reflects or assesses the specific concept it intends to.

Content Validity

Refers to the degree to which a test measures the instructional objectives or content it is supposed to measure.