Bram Johnson Invests $500 at the End of Each Quarter

question 101

Multiple Choice

Bram Johnson invests $500 at the end of each quarter for 10 years. The account earns 12% interest annually. What is the value of the account at the end of 10 years?

• A)$37,700
• B)$37,700.60
• C)$37,000
• D)$3,700
• E)None of these

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Definitions:

Perceptual Abilities

The capacity to interpret and make sense of sensory information from the environment, enabling organisms to perceive and navigate their surroundings effectively.

Ligaments

Tough, fibrous connective tissues that connect bones to other bones, providing joint stability.

Fibrous Bands

Connective tissue structures composed of collagen that commonly link or support organs, often involved in scarring or adhesions.

Range-of-Joint Movement

The full motion range or flexibility of a joint, from fully bent to fully extended.