How Much Would $100, Growing at 5% Per Year, Be

question 45

Multiple Choice

How much would $100, growing at 5% per year, be worth after 75 years?

• A) $3, 689.11
• B) $3, 883.27
• C) $4, 077.43
• D) $4, 281.30
• E) $4, 495.37

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Definitions:

Grammar

Grammar is the set of rules that govern the structure of sentences in a language, including syntax, morphology, and punctuation.

Deep Structure

In linguistics, the underlying meaning or abstract representation of a sentence, as distinguished from its surface structure, or the way it is expressed.

Vocabulary Acquisition

The process of learning and assimilating new words and terms, thus expanding one’s ability to understand and communicate effectively.

Social Cues

are the non-verbal signals to which we respond in social interactions, guiding us in understanding others’ reactions and intentions.