If Phil Has a $100,000 Bond with a 6% Interest

question 27

Multiple Choice

If Phil has a $100,000 bond with a 6% interest rate,compounded annually,how much will he have in 8 years?

• A)$163,452.83
• B)$170,978.42
• C)$149,867.49
• D)$159,384.81

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Definitions:

Meaningful Units

Components of information or data that have been organized and interpreted to have significance and purpose.

Chunking

A memory strategy that involves breaking down information into manageable units or chunks to enhance recall.

Russian Mnemonist

The Russian Mnemonist refers to Solomon Shereshevsky, a man with extraordinary memory abilities studied by psychologist Alexander Luria.

Shereshevski

Likely referring to Solomon Shereshevsky, a man with profound synesthesia and an exceptional memory.