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:

Self-Consciousness

The state of being overly aware of oneself, one's appearance, or one's actions, often leading to excessive evaluation or adjustment based on perceived observation.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

MBTI

The Myers-Briggs Type Indicator, a personality test that categorizes individuals into 16 personality types based on their preferences in perceiving the world and making decisions.

Sensing/Intuition

A concept often used in personality assessments to describe how individuals perceive and process information—sensing refers to perceiving through the five senses, while intuition involves seeing the big picture and patterns.