Rudy Wants to Invest $\$ 1000$ In Savings Certificates That Bear an Interest Rate Of

question 16

Multiple Choice

Rudy wants to invest $\$ 1000$ in savings certificates that bear an interest rate of $7.5 \%$ compounded semiannually. How long will it take for the amount to be $\$ 1500 ?$

• A) \(2.54\) yrs
• B) \(3.08\) yrs
• C) \(5.51\) yrs
• D) \(9.25\) yrs
• E) \(10.36\) yrs 

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Definitions:

Personality Functioning

Refers to the adaptive and maladaptive patterns of thinking, feeling, and behaving that characterize an individual.

Self-Disclosing

The act of revealing personal information about oneself to others.

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing the importance of unconditional positive regard and the potential for human growth.

Genuineness

The quality of being open, sincere, and honest in one's feelings, thoughts, and actions.