If We Wish to Accumulate $8,000 by the End of 4

question 40

Multiple Choice

If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be if we receive an interest rate of 10% on our investments? The first payment is made at the end of each year.

• A) $2200
• B) $2,000
• C) $1,723.77
• D) $2,200

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Definitions:

RNA Synthesis

The process of transcribing RNA molecules from DNA templates by RNA polymerase, a crucial step in gene expression.

Mitotic Spindle

A structure composed of microtubules that forms during cell division to separate chromosomes into each of the two daughter cells.

Anaphase

Stage of mitosis in which the chromosomes move to opposite poles of the cell; anaphase occurs after metaphase and before telophase.

Centromere

A specialized constricted region of a chromatid; contains the kinetochore. In cells at prophase and metaphase, sister chromatids are joined in the vicinity of their centromeres.