If $14,000 Is Invested Annually in an Account with 9

question 8

Multiple Choice

If $14,000 is invested annually in an account with 9% interest compounding yearly,what will the balance of the account be after five years? Refer to the following Future Value table:
Future value of annuity of $1:
$$\begin{array} { | l | r | r | r | } \hline & { 7 \% } & 8 \% & 9 \% \\\hline 1 & 1.000 & 1.000 & 1.000 \\\hline 2 & 2.070 & 2.080 & 2.090 \\\hline 3 & 3.215 & 3.246 & 3.278 \\\hline 4 & 4.440 & 4.506 & 4.573 \\\hline 5 & 5.751 & 5.867 & 5.985 \\\hline 6 & 7.153 & 7.336 & 7.523 \\\hline 7 & 8.654 & 8.923 & 9.200 \\\hline\end{array}$$

• A) $83,790
• B) $24,464
• C) $24,435
• D) $23,450

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Definitions:

Nonsuicidal Self-Injury

The act of deliberately harming one's own body without the intention of committing suicide, often as a coping mechanism for emotional distress.

Adolescent Females

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Adolescent Males

Young male individuals who are in the developmental stage of adolescence, typically between the ages of 13 and 19.

Violent Behavior

Actions that involve physical force intended to hurt, damage, or kill someone or something.