What APR Is Being Earned on a Deposit of $5,000

question 20

Multiple Choice

What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth $9,848.21 today? The deposit pays interest semiannually.

• A) 3.56%
• B) 6.76%
• C) 6.89%
• D) 7.12%

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Definitions:

Chinese Immigrants

Individuals from China who relocate to another country, bringing their cultural, social, and economic contributions to their new communities.

Racial Policies

Strategies and regulations implemented by governments or organizations that impact individuals based on their race, affecting equality and social structures.

Economic Integration

The unification of economic policies and practices among different states through the removal of trade barriers, monetary policies standardization, and infrastructure development.

Social Integration

The process by which individuals or groups are incorporated into the social structure and the norms and values of society.