Assume That You Invest $550 in a Certificate of Deposit

question 83

Multiple Choice

Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent.According to the rule of 72, what will your investment be worth after 16 years?

• A)$550
• B)$3, 960
• C)$1, 100
• D)$797.5
• E)$1, 200

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Definitions:

Inspiratory Capacity

The maximum amount of air an individual can inhale after completing a normal, restful exhalation, important in respiratory assessments.

Tidal Volume

The amount of air moved into or out of the lungs during a normal breath.

Residual Volume

Residual volume is the amount of air left in the lungs after a forceful exhalation, important for preventing lung collapse and maintaining gas exchange.

Expiratory Reserve Volume

The additional amount of air that can be forcibly exhaled after the completion of a normal, quiet exhalation.