If $100 Is Placed in an Account That Earns a Nominal

question 84

Multiple Choice

If $100 is placed in an account that earns a nominal 4%,compounded quarterly,what will it be worth in 5 years?

• A) $122.02
• B) $105.10
• C) $135.41
• D) $120.90
• E) $117.48

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Definitions:

Persecution of Muslims

The unfair or abusive treatment towards individuals who practice Islam, ranging from social discrimination to acts of violence.

Gold Mines

Locations or operations dedicated to the extraction of gold from the earth.

Empire of Ghana

An ancient West African empire known for its wealth, power, and trade networks, especially in gold.

Eastern Europe

A region of Europe that includes countries like Poland, Hungary, and Romania, known for its diverse cultures and historical significance.