(02.04 MC) Principal Interest Year 1 Interest Year 10 Interest Year 20 Total Savings After 20 Years $12,000 in Simple Interest Account $12,000 x 5%= $600= $12,600 $12,000 x 5%= $6000= $18,000 $12,000 x 5%= $12000= $24,000 $12,000 + 20 years of simple interest= $24,000 $12,000 in Compound Interest Account $12,000 x 5%= $600= $12,600 ($12,000 + $6,615.94)$18,615.94 x 5%= $19546.74 ($12,000 + $18,323.40)$30,323.40 x 5%= $31,839.57 $12,000 + $20 years of compound interest$31,839.57 Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation? (4 points)

(04.03 LC) Which best describes the function of the Federal Reserve System? (4 points)

Marijuana’s effects are more profound when it is ingested than when it is smoked.

Parents who use drugs are more likely to have children who use drugs.

The most common drug for which people aged 50 and older receive treatment is alcohol.

A bandage should be clean and sterile.

(03.03 MC) Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to share the decisions, have few start-up costs, and protect their personal assets. Which of these would suit their needs best? (4 points)

Cuts from an animal or human bite do not require medical care.

(04.01 MC) The Great Depression was a period of high unemployment, poverty, and deflation. When the United States entered World War II, the government increased spending, resulting in inflation and decreased unemployment. Which of these characterizes the period of increased government spending? (4 points)

A dressing covers an open wound, but it doesn’t touch the wound.