A Principal of $4000 Is Invested at 8% Interest

question 63

Multiple Choice

A principal of $4000 is invested at 8% interest.Find the amount after 10 years if the interest is compounded quarterly. ​

• A)$8835.16
• B)$8833.16
• C)$8836.16
• D)$8834.16
• E)$8832.16

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Definitions:

Beginning Investors

Individuals who are new to investing, typically requiring guidance and learning about investment strategies and market principles.

Average Real Rate Of Return

The annualized rate of return on an investment, adjusted for inflation, reflecting the actual buying power of the returns.

Diverse Set

A collection of items characterized by variety and difference, often used in the context of demographic or conceptual diversity.

Lengthy Time Period

A substantial span of time that extends over years or even decades, often used in economic, historical, or geological contexts.