Complete the Table for a Savings Account in Which Interest

question 41

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously. $$\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual \% rate } & \text { Time to double } & \begin{array} { c } \text { Amount after 10 } \\\text { years }\end{array} \\\hline \$ 5000 & 5.5 \% & \cdots & \cdots \\\hline\end{array}$$
(Round the answer up to two decimal places. )

• A)Time to double: \(13 yr\) Amount after 10 years: \[\$ 9166.27\]
• B)Time to double: \[13 yr\] Amount after 10 years: \(\$ 9666.27\)
• C)Time to double: \(18 yr\) Amount after 10 years: \(\$ 8666.27\)
• D)Time to double: \(8 y r\) Amount after 10 years: \(\$ 8666.27\)
• E)Time to double: \(13 yr\) Amount after 10 years: \(\$ 8666.27\)

Understand the role of biological treatments in mental health care.

Acknowledge common elements provided by all major types of psychotherapy.

Comprehend the importance and methodologies of insight therapy.

Recognize effective treatments for substance abuse and addiction.

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Definitions:

Inborn Traits

Characteristics or properties present in an individual at birth, determined by genetic factors.

Social Influences

The effects that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behavior.

Homosexual Behavior

relates to sexual activities between individuals of the same sex.

Psychodynamic Perspective

An approach in psychology which emphasizes the systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experience.