If You Deposit $1,000 in an Account That Earns 5

question 23

Multiple Choice

If you deposit $1,000 in an account that earns 5% per year (compounded monthly) ,what will the balance in the account be at the end of 5 years?

• A)$1,272
• B)$1,276
• C)$1,280
• D)$1,283

---

Definitions:

Field Study Research

A research method involving the collection of data outside of a laboratory setting, in the natural environment where phenomena of interest occur.

Spurious

Lacking authenticity or validity in essence or origin; not genuine, false.

Association

A connection or cooperative link between people, organizations, or concepts.

Falls

Incidents where individuals unexpectedly come to rest on the ground or lower level, often leading to injuries, especially among older adults.