You Invest $8000 in a Floating Rate Guaranteed Investment Certificate

question 172

Multiple Choice

You invest $8000 in a floating rate guaranteed investment certificate. For the first 24 months you earn 6% compounded semi-annually. For the next 6 months you earn 12% compounded monthly. What is the maturity value of the certificate?

• A) $9558.02
• B) $9888.00
• C) $9558.00
• D) $9585.00
• E) $8558.00

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Definitions:

Bipolar Disorder

A mental health condition marked by significant fluctuations in mood, ranging from depressive lows to manic highs.

Suicide Risk

The degree of likelihood that a person may contemplate, attempt, or succeed in taking their own life, often assessed through various psychological and social indicators.

Modified SAD PERSONS Scale

An adaptation of the SAD PERSONS scale used to assess the risk of suicide by evaluating various risk factors in an individual's life and mental health status.

Immediate Hospitalization

The urgent admittance of a patient to a hospital for treatment due to severe health conditions or emergencies.