You Invest $15,000 on December 2,2010 at a Simple Interest

question 69

Multiple Choice

You invest $15,000 on December 2,2010 at a simple interest rate of r = 6%.Interest is to be calculated using ordinary interest (banker's rule) .What is the accumulated value of your investment on June 12,2011?

• A)$15,407.50
• B)$15,473.42
• C)$15,477.53
• D)$15,480.00

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Definitions:

Client Problems

Refers to the specific issues, concerns, or difficulties that a client presents in the context of psychotherapy or counseling.

Psychotherapy

A treatment method for mental and emotional disorders which employs psychological techniques rather than medical means.

Solutions

Answers or interventions for solving a problem or dealing with a challenging situation effectively.

Reality Therapy

A form of counseling that emphasizes personal responsibility and focuses on the present rather than the past, helping individuals choose more effective behaviors to fulfill their needs.