If Sandy Has $7,000 Today and Invests It for Five

question 110

Multiple Choice

If Sandy has $7,000 today and invests it for five years at a 5% interest rate, how much will she have in five years?

• A) $8,750
• B) $7,850
• C) $8,932
• D) $8,857

Understand different types of bonds and their relative risk and interest rate levels.

Understand the concepts of convergent and divergent thinking, including their applications and implications.

Comprehend the influences of intrinsic motivation on creativity and achievement.

Recognize the role of intuition in decision making and problem solving.

---

Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product or service, which typically varies with the level of production.

Total Costs

The sum of fixed and variable costs incurred by a business in the production of a good or service.

Average Total Cost

The total cost per unit of output, calculated by dividing total costs by the number of units produced.

Variable Labor

The aspect of labor costs that varies with the level of production or business activity within a given period.