If Kelly Deposits $10,000 into an Account That Pays 8

question 36

Multiple Choice

If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits or withdrawals, how much will Kelly have in her account at the end of 5 years?

• A) $14,000
• B) $14,482
• C) $14,693
• D) $15,000

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Definitions:

Sleep-Wake Diary

A record kept over a period of time noting the times one goes to sleep and wakes up to analyze sleep patterns and disturbances.

24 Hours

A full day; the total number of hours in a single day.

1 to 2 Weeks

A time frame indicating a short period, often used to define the duration of an event, process, or the onset of effects.

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A sleeping condition marked by interruptions or shallow instances of breathing while asleep.