Compass Bank Is Offering an APR Of

question 1

Multiple Choice

Compass Bank is offering an APR of.8 percent, compounded daily, on its savings accounts.If you deposit $2,500 today, how much will you have in the account in 15 years?

• A)$2,567.15
• B)$2,675.10
• C)$2,761.32
• D)$2,818.74
• E)$2,890.62

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Definitions:

International Water Management Institute

A research organization that focuses on the sustainable use of water and land resources in developing countries to ensure food security and reduce poverty.

Clean Water

Water that is free of pollutants and contaminants, making it safe for human consumption and use.

Outlay

An amount of money spent on something, often related to business or project expenses.

Poverty Rate

The proportion of a population living below the poverty line, measured by income level.