Assuming an Interest Rate of 6%, If You Invest a Lump

question 187

Multiple Choice

Assuming an interest rate of 6%, if you invest a lump sum of $6,000 now, the balance of your investment in 7 years will be closest to

• A) $9,024.
• B) $10,746.
• C) $33,492.
• D) $36,000.

---

Definitions:

Experience Prize

A reward or incentive that offers the recipient a unique or memorable experience rather than a tangible item.

Sweepstakes

A type of contest where prizes are awarded to winners chosen at random.

Triple Coupon Value

A promotional strategy in retail where the face value of coupons is tripled, offering customers significant savings on products.

Birds Eye

A brand known for its frozen food products, particularly vegetables, fish, and poultry.