If the Current Rate of Interest Is 8% APR,then the Future

question 47

Multiple Choice

If the current rate of interest is 8% APR,then the future value of an investment that pays $250 per quarter and lasts 20 years is closest to:

• A)$18,519.
• B)$48,443.
• C)$9936.
• D)$20,000.

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Definitions:

Behavior Therapy

A form of psychotherapy aimed at altering unwanted behaviors by utilizing conditioning and reinforcement techniques.

Unconscious Resentment

Negative feelings or anger towards someone or something that one is not fully aware of or has not acknowledged.

Nail Biting

A common nervous or stress-related habit where an individual bites their fingernails.

Empathic Understanding

The ability to comprehend and respond to the feelings and experiences of others, seeing things from their perspective and reacting with emotional sensitivity.