What Is the Value of $750 Invested at 7

question 91

Multiple Choice

What is the value of $750 invested at 7.5% compounded quarterly for 4.5 years (round to the nearest $1) ?

• A) $1,048
• B) $1,010
• C) $1,038
• D) $808

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Definitions:

Trust

Reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Memory

The cognitive procedure of converting, holding, and accessing information.

Intelligence

The ability to acquire and apply knowledge and skills, involving cognitive functions such as perception, reasoning, and problem-solving.

Checking Rituals

Repetitive behaviors or mental acts that a person feels compelled to perform, often associated with obsessive-compulsive disorder, aimed at reducing anxiety or preventing a feared event.