You Make 4 Semi-Annual Deposits Starting at $350 and Increasing

question 69

Multiple Choice

You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. The interest rate is 5.12% compounded annually. How much has been deposited in total?

• A) $1445.59
• B) $1454.59
• C) $1400.00
• D) $1459.59
• E) $1444.59

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Definitions:

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and as the second-largest country by land area in the world.

Deaths

The termination of all biological functions that sustain a living organism.

Centers For Disease Control

A national public health institute in the United States that conducts and supports health promotion, prevention, and preparedness activities.

Mortality Data

Information related to death rates within a population, often used in public health to assess and monitor health outcomes and diseases.