Theo Is Depositing $1,300 Today in an Account with an Expected

question 24

Multiple Choice

Theo is depositing $1,300 today in an account with an expected rate of return of 8.1 percent.If he deposits an additional $3,200 two years from today,and $4,000 three years from today,what will his account balance be ten years from today?

• A)$14,044.89
• B)$16,412.31
• C)$15,182.53
• D)$15,699.54
• E)$17,741.71

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Definitions:

Control Theory

A theory in psychology and sociology which suggests that individuals regulate their own behavior through internal processes to achieve goals or maintain a sense of control.

Overload Theory

A psychological concept proposing that individuals have a limit to the amount of information or stimuli they can process, with overload leading to stress or error.

Pathological Theory

An approach that explains behavior or phenomena as the result of individual disease, dysfunction, or disorder.

Secondary Territory

Spaces that do not belong to individuals but to which they have some claim of use or occupation, often public or semi-public.