Lew Has $3,600 That He Wants to Invest for 5

question 49

Multiple Choice

Lew has $3,600 that he wants to invest for 5 years.He can invest this amount at his credit union and earn 2.2 percent simple interest.Or, he can open an account at Compass Bank and earn 2.15 percent interest, compounded annually.If he decides to invest at Compass Bank for 5 years, he will:

• A)earn $6 more than if he had invested with his credit union.
• B)earn $8 more than if he had invested with his credit union.
• C)earn the same amount as if he had invested with the credit union.
• D)have a total balance of $3,680 in his account after one year.
• E)have a total balance of $4,012 in his account after 5 years.

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The process by which individuals interpret and organize sensation to produce a meaningful experience of the world.

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An individual's perception of themselves, consisting of beliefs, feelings, and thoughts about one's identity and personal worth.

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The process through which individuals develop their views and opinions about something.

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