Xiao Li Wishes to Accumulate $50,000 by the End of 10

question 84

Multiple Choice

Xiao Li wishes to accumulate $50,000 by the end of 10 years by making equal annual end-of-year deposits over the next 10 years. If Xiao Li can earn 5 percent on her investments, how much must she deposit at the end of each year?

• A) $3,975
• B) $6,475
• C) $5,000
• D) $4,513

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Definitions:

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or psychological means.

Triggered Displaced Aggression

A behavioral response where individuals express anger or aggression towards a person or object that is not the original source of their frustration.

Affective Aggression

Aggressive behavior driven by emotions or feelings, rather than by thoughts or reasoning.

Hostile Attribution Bias

The tendency to interpret others' behaviors or actions as having hostile intent, even when the behavior is ambiguous or benign.