If the Current Rate of Interest Is 8% APR,then the Future

question 20

Multiple Choice

If the current rate of interest is 8% APR,then the future value of an investment that pays $500 every two years and lasts 20 years is closest to:

• A) $10,979
• B) $10,661
• C) $22,881
• D) $20,000

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Definitions:

Immediate Pain

The experience of pain that occurs directly following an injury or other harmful stimulus.

Opiate Drug

A category of drugs derived from opium, used for their pain-relieving properties, but also known for their high potential for addiction and abuse.

Sensation Of Pleasure

A positive feeling or state of happiness and satisfaction derived from fulfilling experiences or the engagement of enjoyable stimuli.

Agonist

A molecule that increases a neurotransmitter’s action.