An Amount Is Deposited for Eight Years at 8

question 10

Multiple Choice

An amount is deposited for eight years at 8%. If compounding occurs quarterly, then the table value is found at

• A) 8% for eight periods.
• B) 2% for eight periods.
• C) 8% for 32 periods.
• D) 2% for 32 periods.

---

Definitions:

Life Expectancy

The average period that an individual is expected to live, based on statistical analysis, which can vary by geographical location, era, and other factors.

Health Care

Services provided by medical professionals to maintain or improve an individual's health, including prevention, diagnosis, treatment, and recovery.

Infant Mortality

The death of children under the age of one year, measured by the infant mortality rate, an essential indicator of a nation's health status.

Sanitation Improvements

Enhancements made to reduce exposure to hazards that can cause human injury or disease through safe water, proper waste disposal, and hygiene practices.