You Deposit $1,000 Today and Want to Save $100 Each

question 18

Multiple Choice

You deposit $1,000 today and want to save $100 each month beginning one month from today. Your account earns a 5 percent annual interest rate. How long will it take you to accumulate $5,000?

• A) 29.3 months
• B) 35.7 months
• C) 42.6 months
• D) 52.1 months

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Securities Exchange Act

A U.S. federal law enacted in 1934 that governs the trading of securities, such as stocks and bonds, to protect investors and maintain fair and orderly markets.

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An Unmanned Aerial Vehicle (UAV) equipped with advanced technology for autonomous operations and data collection.

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Information that is not openly disclosed or available to the general public, often carrying confidentiality.

Securities Exchange Act

A federal law governing the trading of securities, such as stocks and bonds, in the United States, primarily through regulation of the exchanges.