Zoey Wants to Have About $750,000 When She Retires in 10

question 21

Multiple Choice

Zoey wants to have about $750,000 when she retires in 10 years.She has $300,000 to deposit now.At which of the following interest rates would Zoey's deposit come closest to $750,000 after 10 years?

• A)9.6 percent
• B)9.9 percent
• C)10.2 percent
• D)10.5 percent

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Definitions:

Pluralist Theory

A theory in sociology and political science that suggests power is distributed among many groups and interests in a society.

Union Members

Individuals who belong to an organized group of workers formed to protect their collective interests and rights in the workplace.

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A woman who serves as the head of government in a parliamentary or semi-presidential system, leading the executive branch and often setting national policy.

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Comprises non-governmental organizations and institutions that manifest interests and will of citizens or act as intermediaries between the government and the people.