Use This Information to Answer the Following Question

question 85

Multiple Choice

Use this information to answer the following question. A single deposit of $7,000 made at the beginning of period 1 and earning 12 percent interest compounded annually would grow to how much at the end of three years?

• A)$7,840
• B)$9,835
• C)$8,778
• D)$23,618

---

Definitions:

Eidetic Imagery

An unusually vivid and detailed type of memory, commonly referred to as photographic memory.

Three-Dimensional Objects

Objects that have depth, width, and height, enabling them to exist in a space that has three dimensions.

Widespread Storage

The distribution and retention of information or physical items across a broad spectrum of locations or systems.

Hippocampus

A major component of the brain in humans and other vertebrates, involved in memory formation and spatial navigation.