Christine Parks Received a Trust Fund Inheritance of $15,000 on Her

question 88

Multiple Choice

Christine Parks received a trust fund inheritance of $15,000 on her 20th birthday. She plans to use the money to supplement her income with 28 quarterly payments beginning on her 50th birthday. If the money is worth an annual rate of 7.2% compounded quarterly, how much will each quarterly payment be? Round your answer to the nearest cent. ​

• A)$7,107.79
• B)$5,738.01
• C)$9,124.39
• D)$10,155.25
• E)$2,437.07

---

Definitions:

Gestalt Therapist

A practitioner of Gestalt therapy, a form of psychotherapy focusing on the individual's experience in the present moment, the therapist-client relationship, the environmental and social contexts of one's life, and the self-regulating adjustments people make as a result of their overall situation.

Gestalt Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the individual's experience in the present moment, the therapist-client relationship, the environmental and social contexts of a person's life, and the self-regulating adjustments people make as a result of the overall situation.

Empty Chair

A therapeutic technique in psychology where a client speaks to an imaginary person or an object placed in an empty chair, used to express thoughts and feelings freely.

Meditation

A group of techniques that involve focusing attention on an object, a word, one’s breathing, or one’s body movements in an effort to block out all distractions, to enhance well-being, and to achieve an altered state of consciousness.