Assuming an Interest Rate of 6%,if You Invest a Lump

question 50

Multiple Choice

Assuming an interest rate of 6%,if you invest a lump sum of $6,500 now,the balance of your investment in 7 years will be closest to

• A)$45,500.
• B)$11,642.
• C)$36,283.
• D)$9,776.

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Definitions:

Sandwich Generation

People who take care of both children and aging parents at the same time.

Children

Young human beings who are not yet adults, often characterized by rapid physical growth and developmental changes.

Parents

Individuals who have a child or children, either biologically, through adoption, or other means, and are responsible for their care and upbringing.

Coping Tactic

Strategies or methodologies employed by individuals to manage stress, overcome difficulties, or deal with emotional issues.