Choose the Word or Phrase in [ ] Which Will

question 32

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Natalie is faced with two savings choices: Making a single deposit of $5,000 or making five annual deposits of $1,000.The interest rate on both is 4%,compounded monthly.The [lump sum deposit | annual deposits] plan will result in a higher balance at the end of five years.

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Definitions:

Life Events

Significant experiences or milestones in an individual's life that can have profound psychological and emotional impacts, such as marriage, childbirth, or the death of a loved one.

Systematic Desensitization

A therapeutic intervention used to gradually reduce a person's anxiety towards a particular object or situation by slowly exposing them to the fear in a controlled way.

Physically Relax

The process of reducing tension and stress in the body through techniques such as deep breathing, muscle relaxation, or gentle exercise.

Harmless Dog

A dog that does not pose any threat or danger to people or other animals, often due to its gentle disposition, training, or behavior.