Suppose That a Tenant Is Interested in Renting Out a Two-Bedroom

question 8

Multiple Choice

Suppose that a tenant is interested in renting out a two-bedroom apartment for $1000 a month for the next year.While the tenant requires rent to be paid at the beginning of the month,he will not be depositing the rental check into a local savings account until the end of each month.If the annual interest that the tenant can earn on this account is 5% and interest is compounded monthly,how much will the tenant have in his savings account at the end of the year?

• A)$12,278.86
• B)$12,613.94
• C)$13,330.02
• D)$15,917.13

---

Definitions:

Liberal Arts Colleges

Higher education institutions emphasizing broad undergraduate education in the arts, sciences, and humanities.

ASCA Standards

Set of professional guidelines developed by the American School Counselor Association that outlines the ethical and performance standards for school counselors.

Implementation Challenge

Refers to the difficulties and obstacles encountered during the process of putting a plan or decision into effect.

Work Values

Personal beliefs and preferences about what is important in the workplace, such as autonomy, achievement, or work-life balance, which influence career choices and satisfaction.