What Will Be the Maturity Value of $25,000 Placed in a 90-Day

question 19

Multiple Choice

What will be the maturity value of $25,000 placed in a 90-day term deposit paying an interest rate of 4.75%?

• A) $24,710.58
• B) $25,396.77
• C) $25,292.81
• D) $25,306.77
• E) $25,302.57

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Definitions:

G Factor

A theoretical construct that represents general intelligence, underlying performance on various cognitive tasks.

Intellectual Ability

The capacity to think abstractly, reason, understand complex ideas, learn quickly, and solve problems.

Mental Abilities

The cognitive functions and processes related to knowledge, reasoning, memory, attention, and language that influence behavior.

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability of an age group.