Albend Holmes Wants to Deposit $4,500 in a Bank Account

question 42

Multiple Choice

Albend Holmes wants to deposit $4,500 in a bank account that pays 8.25 percent annually. How many years will it take for his investment to grow to $10,000? (Round off to the nearest year.)

• A) 8 years
• B) 11 years
• C) 10 years
• D) 12 years

---

Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, which is believed to contribute to negative attitudes and behaviors.

Problem-Focused Coping

A strategy for managing stress that involves dealing directly with the cause of stress, rather than the feelings or symptoms it produces.

Uncontrollable Shocks

Events or occurrences that are unexpected and beyond one's control, often causing stress or trauma.

Low-Intensity

Activities or exercises that require minimal physical effort, typically characterized by a low heart rate and minimal sweating, focusing on sustainability over a longer duration.