Leo Received $7,500 Today and Will Receive Another $5,000 Two

question 12

Multiple Choice

Leo received $7,500 today and will receive another $5,000 two years from today.If he invests these funds immediately at 11.5 percent,what will his investments be worth five years from now?

• A)$18,758.04
• B)$18,806.39
• C)$19,856.13
• D)$20,314.00
• E)$19,904.36

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Definitions:

Cognitive Functioning

The mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Plagiarism

Plagiarism is the act of using someone else's work or ideas without proper attribution, presenting them as one's own original work.

Summarizing

The process of briefly stating the main points of a larger piece of text or conversation.

Quoting

The act of repeating or copying out words from a text or speech written or spoken by another person, often indicated by quotation marks.