You Inherit $15,000 from Your Aunt

question 21

Multiple Choice

You inherit $15,000 from your aunt.You decide to invest the money in a three-year CD that pays 4% interest to use as a down payment on a house.How much money will you have when the CD matures?

• A) $13,334.95
• B) $15,600.00
• C) $16,800.00
• D) $16,872.96

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Definitions:

Primary Grades

The initial stages of formal education typically comprising elementary school grades 1 through 3 or 4, focusing on basic academic learning and socialization skills.

Academic Failure

The inability to achieve expected educational milestones or meet the standards set by educational institutions.

Adequate Stimulation

The appropriate level of sensory, emotional, and intellectual stimulation necessary for healthy development in children.

Inequities

Unfair, avoidable differences arising from poor governance, corruption, or cultural exclusion, often leading to disparities in health, opportunity, and treatment among different populations.