How Much Would Be in Your Savings Account in 10

question 137

Multiple Choice

How much would be in your savings account in 10 years after depositing $50 today if the bank pays 7 percent interest per year?

• A) $35.00
• B) $98.36
• C) $535.00
• D) $690.82

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Definitions:

Moral Obligation

A duty which arises from ethical or moral principles that govern a person's behavior and actions.

Utilitarian

Pertaining to the ethical theory that the best action is the one that maximizes utility, usually defined as maximizing happiness and reducing suffering.

Morally Acceptable

Actions or decisions that are considered right or ethical according to a moral code or ethical standards.

Advance Directive

A legal document allowing individuals to outline their preferences for medical treatment in the event they become unable to communicate their decisions.