If You Receive $20,000 as a Gift and Invest It

question 47

Multiple Choice

If you receive $20,000 as a gift and invest it at 12% compounded semi-annually,how much will you have at the end of three years? Use Table FA-1.

• A)$32,020.60
• B)$28,380.00
• C)$22,497.20
• D)$14,027.60

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Definitions:

Common Good Problem

Common Good Problem occurs when resources that are freely accessible to all members of a society are overused or depleted, often leading to sustainability issues.

Special-Interest Effect

The phenomenon where policy decisions are influenced or shaped by the lobbying efforts of a small, focused group, often at the expense of the general public.

Political Parties

Organizations that seek to attain and maintain political power within a government, typically by participating in electoral campaigns, educational outreach, or protest actions.

Paired-Choice Majority Votes

A voting system in which options are matched in pairs and voted upon, with the winner of each pair moving on to compete in subsequent rounds.