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:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by purging to avoid weight gain.

Genetic Predispositions

Inherited tendencies or vulnerabilities to develop certain diseases, behaviors, or characteristics.

Instinct Theory

A view that explains human behavior as motivated by automatic, involuntary, and unlearned responses.

Homeostasis

The ability of a living organism to regulate its internal environment to maintain a stable, constant condition despite external changes.