Your Accountant Tells You That If You Can Continue to Earn

question 86

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $500 for ten years,you will have about $983.58.If your accountant is correct,what is the current rate of interest?

• A)5 percent
• B)6 percent
• C)7 percent
• D)8 percent

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Definitions:

PKU

Phenylketonuria is a genetic disorder characterized by an inability of the body to process the amino acid phenylalanine, leading to harmful levels in the blood if left untreated.

Phenylalanine

An essential amino acid that cannot be made by the body and must be obtained from food, important for the biosynthesis of other proteins and molecules.

Essential Amino Acids

Amino acids that cannot be synthesized by the body and must be obtained from the diet, crucial for various bodily functions.

Eugenics Movement

A historical campaign aimed at improving the genetic quality of the human population through selective breeding and, at times, the sterilization of individuals deemed genetically undesirable.