If You Invest $4,000 at the End of Every Year

question 140

Multiple Choice

If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance of your investment in 5 years will be closest to

• A) $5,352.
• B) $16,848.
• C) $22,548.
• D) $36,000.

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Definitions:

Human Behaviour

The range of actions and mannerisms exhibited by humans in conjunction with their environment, social values, and culture.

Theoretical Orientation

A foundational perspective or framework that guides a psychologist's approach to understanding and treating clients.

Observations

The action or process of closely monitoring or noting phenomena to gather data or arrive at conclusions.

Verifiable

Capable of being proven true or accurate through evidence or demonstration.