If $1000 Is Invested at the End of Each Year $t = \log 1.08^{177}$

question 177

Multiple Choice

If $1000 is invested at the end of each year in an annuity that pays 8%, compounded annually, the number of years it takes for the future value to amount to $22,000 is given by $t = \log 1.08^{177}$ Use the change of base
Formula to find the number of years until the future value is $22,000, to the nearest tenth of a year.

• A) 67.3 years
• B) 72.3 years
• C) 65.0 years
• D) 74.4 years

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Definitions:

Aquaporins

Membrane proteins that serve as channels in the transfer of water, and sometimes small solutes across the cell membrane.

Active Transport

The movement of substances across cell membranes against their concentration gradient, requiring energy expenditure by the cell.

Connexin Molecules

Protein molecules that assemble into gap junctions, facilitating communication between adjacent cells by allowing the passage of ions and small molecules.

Sodium-Potassium Pump

A vital cell membrane protein that transports sodium ions out of and potassium ions into cells, maintaining cellular electrochemical gradients.