If You Invest $5,000 Today at an Annual Interest Rate

question 43

Multiple Choice

If you invest $5,000 today at an annual interest rate of 6.35%,how much money will you have for your daughter's college education in 18 years?

• A)$5,603
• B)$10,000
• C)$15,144
• D)There is not enough information to answer this question.

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Definitions:

Difference Threshold

The minimum difference in stimulation that a person can detect 50% of the time, also known as just noticeable difference (JND).

Stereo

A method of sound reproduction that creates an illusion of multi-directional audible perspective, typically using two or more independent audio channels.

Differentiate

The process of distinguishing or discriminating between two or more things, or the process of becoming distinct or specialized in structure or function.

Sensory Adaptation

How sensory receptors gradually become less responsive to steady stimuli over time.