John Bought an Inflation-Indexed Security for $10,000 in January 2014

question 46

Multiple Choice

John bought an inflation-indexed security for $10,000 in January 2014.The security promises an annual interest rate of 5 percent and makes payments twice a year.If the value of the inflation index in January 2014 was 106 and its value in July 2014 was 105, John will receive an interest income of______ .

• A)?$504.76
• B)?$226.40
• C)?$182.72
• D)$368.56

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Definitions:

Race and Class Stratification

The hierarchical organization of society based on racial and socioeconomic status, affecting individuals' opportunities, resources, and social mobility.

Sexual Behavior

Any behavior that involves sexual activity or expresses human sexuality, including sexual preferences, practices, and orientation.

Uncontrollable

describes something that cannot be controlled, managed, or influenced by actions or interventions, often leading to unpredictable outcomes or challenges.

Emma Goldman

A prominent anarchist political activist and writer known for her advocacy for free speech, women's rights, and labor rights during the late 19th and early 20th centuries.