Bernie Invested a Sum of Money 7 Year(s) Ago in a Savings

question 10

Multiple Choice

Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest?

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Definitions:

Communist Victory

Refers to a successful achievement or takeover by communist forces or parties in a political or military struggle.

Atomic Bomb

A powerful weapon that releases enormous energy through nuclear reactions, first used in warfare by the United States during World War II.

Military Buildup

The process of nations increasing their military capability in terms of personnel, equipment, and technology, often in response to perceived threats or for strategic advantages.

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describes the struggle for social justice and the pursuit of equality for African Americans in the United States, prominently during the 1950s and 1960s, through nonviolent protest and civil disobedience.