Your Investment Account Pays 8

question 88

Multiple Choice

Your investment account pays 8.0%, compounded annually.If you invest $5, 000 today, how many years will it take for your investment to grow to $9, 140.20?

• A) 5.14
• B) 5.71
• C) 6.35
• D) 7.05
• E) 7.84

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Definitions:

Drug Therapy

The treatment of disease or disorder through the administration of pharmaceutical drugs, as opposed to surgery, physical therapy, or other methods.

Electroconvulsive Therapy

A mental health treatment where seizures are deliberately caused in individuals using electricity to alleviate psychological conditions.

Depression

A disorder in mental health, identified by enduring feelings of depression or a decreased interest in activities, significantly affecting life on a day-to-day basis.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.