Mark Would Like to Retire in 25 Years

question 43

Multiple Choice

Mark would like to retire in 25 years. If he deposits $10,000 at the end of each of the next 25 years into an account earning 7% interest, how much will he have in this account at the end of 25 years?

• A)$250,000
• B)$758,292.17
• C)$632,490.40
• D)$291,339.50

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Definitions:

Paraffin Baths

A therapeutic treatment where hands or feet are dipped into melted paraffin wax to alleviate pain and stiffness.

Counter-Pressure

A technique used to relieve pain, especially during childbirth, involving the application of steady pressure to specific body parts.

Muscle Strength

The ability of a muscle or group of muscles to exert force against resistance.

Axillary Crutches

Mobility aids that are used to transfer weight from the legs to the upper body, specifically designed to fit under the armpits.