Determine the Amount of Interest Earned at the End of Year

question 89

Multiple Choice

Determine the amount of interest earned at the end of year 9 based on $3,000 annual payments received in years 1, 3 and 5 given an interest rate of 5.2% compounded annually.

• A) $3,241.20
• B) $3,456.99
• C) $3,688.18
• D) $3,939.72
• E) $4,004.48

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Definitions:

Facial Expressions

The movements of the facial muscles that convey emotional states, intentions, or social information to others.

Body Posture

The arrangement or position of the body and its parts, which can communicate nonverbal cues or physical well-being.

Eye Contact

The act of looking directly into another person's eyes, which can communicate various emotions or intentions, and is often considered a sign of confidence and honesty.

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of an organization.