Tara Has $85 Deducted from Her Paycheck at the End

question 5

Multiple Choice

Tara has $85 deducted from her paycheck at the end of each month and put into a savings account earning 9% interest compounded monthly. She continues these deposits for 10 years. Approximately how much is the account worth at the end of the 10 years?

• A) $208
• B) $2496
• C) $16,450
• D) $21,150

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Definitions:

Group Polarization

A psychological phenomenon in which discussions within a group lead to the adoption of more extreme positions or attitudes than the initial inclinations of its members.

Controversial Issue

A subject that provokes strong and often opposing opinions, making it a topic of debate.

Group Polarization Effect

The tendency for group discussion to amplify the initial leanings of group members, leading to a more extreme position.

Extreme Opinion

A viewpoint that is significantly far from the mainstream or moderate perspectives, often showing a high level of intensity or fervor.