How Long Will It Take $50,000 Placed in a Savings

question 51

Multiple Choice

How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?

• A)4.25 years
• B)5.00 years
• C)5.25 years
• D)5.50 years
• E)4.75 years

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Definitions:

New Psychology

Refers to modern or contemporary approaches and perspectives in the field of psychology, emphasizing recent developments, theories, or methodologies.

Cognitive-Behaviorist

Refers to a psychological approach that combines cognitive and behavioral therapies to treat psychological disorders, focusing on modifying dysfunctional emotions, behaviors, and thoughts.

Growth Needs

Psychological requirements for personal development and self-actualization.

Being Needs

Fundamental aspects of human motivation related to growth, fulfillment, and realization of one’s potential, beyond just survival needs.