If You Put $1,000 in the Bank Today at an Interest

question 56

Multiple Choice

If you put $1,000 in the bank today at an interest rate of 6% what is its value in two years?

• A) $2,0001.06)
• B) $1,000 + $1.06)2
• C) $1,0001.06)2
• D) None of the above are correct.

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Definitions:

Valuable Friendships

Deep and meaningful relationships that significantly contribute to one's well-being and life satisfaction.

Role Expectations

Social norms specifying the responsibilities and behaviors expected of individuals in certain positions.

Fragile

Easily broken or damaged; delicate and not strong.

First Marriages

The initial nuptial union of an individual, as opposed to second or subsequent marriages.