If the Annual Interest Rate Is 5 Percent

question 172

Multiple Choice

If the annual interest rate is 5 percent,

• A)$100 saved today will be worth $105 after one year
• B)$90 saved today will be worth $100 after one year
• C)$100 saved today will be worth $5 after one year
• D)$99 saved today will be worth $100 after one year
• E)$100 saved today will be worth $1, 000 after one year

---

Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Optimal Pace

Optimal pace refers to the most efficient or effective speed at which an activity or process can proceed to achieve the best outcomes without compromising quality.

Sequencing

The arrangement of events, actions, or items in a particular order.

Buildup of Resistance

The gradual increase in opposition or pushback against a particular idea, change, or directive.