The Owner of Sebastopol Tree Farm Deposits $400 at the End

question 43

Short Answer

The owner of Sebastopol Tree Farm deposits $400 at the end of each quarter into an account paying 5% compounded quarterly. What is the value of the account at the end of 9 years?
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Please round the answer to the nearest cent.
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$ __________

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Definitions:

Benzodiazepines

A class of psychoactive drugs used primarily for treating anxiety, insomnia, and several other conditions due to their sedative effects.

GABA

Gamma-Aminobutyric Acid, an inhibitory neurotransmitter in the brain that reduces neuronal excitability throughout the nervous system.

Derealization

Derealization is a dissociative symptom in which the external world feels unreal or distant, often experienced as a symptom of anxiety or other psychiatric conditions.

Core Symptom

A primary or fundamental symptom that is considered essential in the diagnosis of a particular disease or disorder.