Round Your Answer to the Nearest Cent

question 173

Multiple Choice

Round your answer to the nearest cent.
-Find the 6-year future value of an ordinary annuity with a contribution of $1800 every six months into an account that pays 3.8% per year, compounded semi-annually.

• A) $53,476.45
• B) $83,378.11
• C) $24,006.46
• D) $71,374.88

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Definitions:

Anaerobic Respiration

Breakdown of glucose in the absence of oxygen to produce lactic acid and two ATPs; consists of glycolysis and the reduction of pyruvic acid to lactic acid.

Aerobic Respiration

Breakdown of glucose in the presence of oxygen to produce carbon dioxide, water, and approximately 38 ATPs; includes glycolysis, the citric acid cycle, and the electron-transport chain.

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism.

Nutrient Molecules

Essential compounds absorbed by the body to provide energy, support growth, and maintain and repair body tissues.