Assuming an Interest Rate of 10%,if You Invest a Lump

question 5

Multiple Choice

Assuming an interest rate of 10%,if you invest a lump sum of $4,000 now,the balance of your investment in 7 years will be closest to:

• A)$ 7,796.
• B)$10,376.
• C)$19,472.
• D)$28,000.

---

Definitions:

Intended Results

The anticipated or desired outcomes that a policy, program, or action seeks to achieve.

Accurate Data

pertains to information that is correct, reliable, and represents facts without errors.

Behavior Development

The process by which individuals acquire or change their behaviors over time through interactions with their environment.

Statistical Analysis

The process of collecting, examining, interpreting, and presenting numerical data to discover underlying patterns and trends.