As a Future Graduation Present,you Uncle Has Just Placed $6,000

question 14

Multiple Choice

As a future graduation present,you uncle has just placed $6,000 in a bank account that will earn an annual rate of return of 6%.How much will be in that account when you graduate in four years?

• A)$7,731.55
• B)$6,752.56
• C)$6,247.70
• D)$7,790.63
• E)$7,574.86

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Definitions:

Predetermined Plan

A strategy or course of action decided in advance of execution, often set to achieve a specific goal.

Ethic of Caring

A moral framework that emphasizes responsiveness to the needs of others and prioritizes nurturing relationships.

Supersedes

To take the place of a previous item or condition, often implying superiority or advancement.

Growing in Caring

Refers to the developmental process of enhancing one's capacity to care for others, often in a personal or professional caregiving context.