The James Co

question 89

Multiple Choice

The James Co. plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $15,000 and expects to earn 4% interest. After 3 years, the firm wants to add an additional $50,000 to the account. If the account continues to earn 4%, how much money will the James Co. have in their account five years from now?

• A) $66,872.96
• B) $68,249.79
• C) $70,952.96
• D) $72,329.79
• E) $81,361.18

---

Definitions:

Uninsured People

Individuals who do not have health insurance coverage, which often results in limited access to healthcare services and financial burdens from medical expenses.

American Society

Refers to the social structure, cultural norms, and collective behaviors prevalent within the United States.

Affordable Health Care Act

A U.S. federal statute enacted in 2010 aimed at expanding access to health insurance, reducing health care costs, and improving health care quality.