The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $ made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.
-Refer to the table above. What sum of money should be deposited today in an account that earns 3 percent interest to make each of the five payments above and, when the last payment is made, there will be no money left in the account?
Definitions:
Anxious
Experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.
Pervasive Developmental Disorders (PDDs)
A group of disorders characterized by delays in the development of socialization and communication skills, including autism and Asperger's syndrome.
Autism Spectrum Disorders
A range of developmental conditions characterized by challenges with social skills, repetitive behaviors, and communication, with symptoms and severities varying widely among individuals.
Schizophrenia
A severe mental disorder characterized by disturbances in thought, perception, and behavior, leading to a loss of contact with reality.
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