If You Invest $2,000 at the End of Each Year

question 49

Multiple Choice

If you invest $2,000 at the end of each year for five years and you earn 7% interest compounded annually, how much will you have accumulated at the end of the fifth year?

• A)$10,700
• B)$11,501
• C)$12,307
• D)$14,026

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Definitions:

Counseling Program

A structured series of professional services offering guidance, support, and problem-solving strategies to individuals in need.

Intermittent Reinforcement

A conditioning schedule where only some responses are reinforced, making the behavior more resistant to extinction.

Desired Behavior

The specific actions or reactions that an individual, group, or organization aims to elicit from others.

Reinforcer

A stimulus or event that increases the likelihood of the recurrence of the behavior it follows.