If $13,000 Is Deposited in a Savings Account at the End

question 55

Multiple Choice

If $13,000 is deposited in a savings account at the end of each year and the account pays interest of 5% compound annually, what will be the balance of the account at the end of 10 years?

• A) $13,650
• B) $211,757
• C) $163,512
• D) $136,500

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Definitions:

Spatial Summation

The process by which multiple synaptic potentials combine within one postsynaptic neuron, potentially leading to an action potential.

Membrane Potential

Membrane potential is the electrical potential difference across a cell's plasma membrane, critical for transmission of nerve impulses and muscle contractions.

Oligodendrocyte

A type of glial cell that forms myelin sheaths around neurons in the CNS.

Myelin Sheath

A fatty layer surrounding nerve fibers, which increases the speed at which electrical impulses propagate along the nerve cell.