How Many Periods Would It Take for the Deposit to Grow

question 85

Multiple Choice

How many periods would it take for the deposit to grow to $6,798 if the interest is compounded semiannually?

• A) 17
• B) 19
• C) 21
• D) 25

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Definitions:

Revenue-Sharing

A fiscal policy wherein a central government shares part of its tax revenue with lower levels of government, such as states or municipalities.

Sacagawea

A Lemhi Shoshone woman who assisted the Lewis and Clark Expedition as an interpreter and guide in the early 19th century.

Lewis And Clark

Two American explorers, Meriwether Lewis and William Clark, who led the early 19th-century expedition across the western United States to explore newly acquired land from the Louisiana Purchase.

Naturalization Act

Legislation related to the process by which a non-citizen in a country may acquire nationality or citizenship of that country.