Rita Puts $10,000 into Each of Two Different Assets

question 67

Multiple Choice

Rita puts $10,000 into each of two different assets.The first asset pays 10 percent interest and the second pays 5 percent.According to the rule of 70,what is the approximate difference in the value of the two assets after 14 years?

• A)$12,000
• B)$14,000
• C)$15,500
• D)$20,000

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Definitions:

Imaginal Scanning

Involves the mental visualization and traversing of imagery or scenes, often used in cognitive psychology experiments to study memory and spatial cognition.

Physical Pictures

Images or representations of objects or scenes that are present or tangible.

Visual Images

Mental representations of objects, people, or scenes that can be summoned to the mind's eye without the presence of the object being depicted.

Imagery Research

The scientific study of mental visualization and its effects on human cognition and behavior.