Suppose You Put $10,000 into a Bank Account Today That

question 20

Multiple Choice

Suppose you put $10,000 into a bank account today that pays interest annually at an annual rate of 0.5%.What is the future value of the $10,000 after 10 years?​

• A)​$10,050.00
• B)​$10,511.40
• C)​$10,573.26
• D)​$16,288.95

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Definitions:

Thyroid

An endocrine gland located anteriorly at the base of the neck.

Pineal

Pertaining to the pineal gland, a small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep patterns.

Achromatic Vision

The inability to see color, resulting in perceiving the world in shades of gray.

Protanopia

A type of color blindness characterized by a difficulty in distinguishing colors in the red-green spectrum.