Suppose You Put $350 into a Bank Account Today

question 163

Multiple Choice

Suppose you put $350 into a bank account today.Interest is paid annually and the annual interest rate is 6 percent.The future value of the $350 after 4 years is

• A)$414.09.
• B)$434.00.
• C)$441.87.
• D)$481.24.

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Definitions:

Eighteen-month-old Babies

Infants who have reached the age of 18 months, a developmental stage characterized by significant growth in motor skills, language acquisition, and personal social awareness.

Sensorimotor Development

The stage in early childhood where children learn about their environment through their senses and motor activities, as described by Piaget.

Little Scientist

A term in developmental psychology referring to a stage in a child's development wherein they experiment with objects in their environment to see how things work.

Fine Motor Skill

The coordination of small muscles, in movements—usually involving the synchronization of hands and fingers—with the eyes.