Assume That You Invest $750 at the End of Each

question 42

Multiple Choice

Assume that you invest $750 at the end of each quarter for the next 20 years in a mutual fund. The annual rate of interest that you expect to earn in this account is 5.25 percent. The amount in the account at the end of 20 years is

• A) $60,000.00.
• B) $105,039.84.
• C) $37,009.35.
• D) $123,510.52.
• E) $115,637.37.

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Definitions:

Concrete Goal

A specific, clearly defined, and measurable objective that an individual or group aims to achieve.

Two-Factor Theory

A concept in psychology that proposes emotional experiences arise from a combination of a state of physiological arousal and a cognitive interpretation of that arousal.

Physiological Reaction

A bodily response to a stimulus, such as an increase in heart rate, sweating, or the release of adrenaline, often not under conscious control and indicative of physiological processes.

Arousal Level

The physiological and psychological state of being awoken or stimulated to action.