Use the Following Information to Answer the Question(s) Below

question 60

Multiple Choice

Use the following information to answer the question(s) below.
Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.
-The amount of money that would be in the account is you left the money there until your 65th birthday is closest to:

• A) $29,556
• B) $148,780
• C) $168,824
• D) $748,932

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Definitions:

Personality Development

The growth and development of the organized pattern of behaviors and attitudes that makes a person distinctive over their lifetime.

Fixated

An obsessive or focused attention on a particular object, task, or idea, often to an excessive or unhealthy degree.

Psychosexual Stage

A framework in Freudian psychology that divides child development into five stages, each characterized by a different focus of libido (sexual drive or energy).

Needs Delayed

The concept of postponing or deferring one's immediate needs or desires for a later time.