Gwen and Steve Jones Jeter Invested $10,000 in a Savings

question 230

Essay

Gwen and Steve Jones Jeter invested $10,000 in a savings account paying 4% annual interest when their daughter, Larrisa was born. They also deposited $5,000 on each of her birthdays until she was 18 (including her 18th birthday). How much was in the savings account on her 18th birthday (after the last deposit)?

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Definitions:

Determinants of Behavior

Factors that influence or control actions, including biological, psychological, and environmental components.

Fraternal Twins

are siblings born simultaneously during the same pregnancy, sharing about 50% of their genes, but are not genetically identical, stemming from two different eggs fertilized by two different sperm.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, typically categorized as heterosexual, homosexual, bisexual, etc.

Mating Preferences

Criteria or choices individuals make, often subconsciously, regarding potential partners based on evolutionary, cultural, and personal factors.