You Are Considering an Investment in a Third World Bank

question 144

Multiple Choice

You are considering an investment in a Third World bank account that pays a nominal annual rate of 18%,compounded monthly.If you invest $5,000 at the beginning of each month,how many months would it take for your account to grow to $250,000? Round fractional months up.

• A)23
• B)27
• C)32
• D)38
• E)44

---

Definitions:

Mitral Cells

Neurons located in the olfactory bulb that act as primary processors of olfactory information.

Acetylcholine

A neurotransmitter involved in the transmission of nerve impulses in the central and peripheral nervous systems, particularly in the stimulation of muscle movement.

Receptor Neurons

Specialized neurons that respond to physical or chemical changes in their surroundings, initiating sensory input to the nervous system.

Bipolar Neurons

A type of neuron with two extensions (one axon and one dendrite), found in sensory organs like the retina of the eye.