You Invest $50,000 Today

question 106

Multiple Choice

You invest $50,000 today.It earns simple interest at 15% for the first 5 months,10% for the next 3 months and 12% for the last 2 months.What is the accumulated value at the end of 10 months?

• A)$56,450
• B)$56,250
• C)$55,542
• D)$55,375

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Definitions:

Perceived Purchase Risk

The potential loss or adverse outcomes a consumer believes might occur from buying a product or service.

Functional Risk

The potential for a product or service to fail to perform its intended function, leading to dissatisfaction or harm.

Physical Risk

The potential for bodily harm or health hazards that individuals may face in various activities or environments.

Social Risk

Social risk in consumer behavior refers to the potential for a product or service to adversely affect the user's social standing, image, or relationships with others.