If You Leave the Money of $950 in the Account

question 5

Multiple Choice

If you leave the money of $950 in the account for five years and the account earns 8% compounded annually, what will the balance in the account grow to?

• A) $1,341.05
• B) $1,347.82
• C) $1,395.86
• D) $1,406.23
• E) $1,491.15

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Definitions:

External Obliques

Muscles located on the sides of the abdomen, aiding in rotation and lateral bending of the torso.

Pectoralis Minor

A small chest muscle that facilitates movement of the shoulder.

Scalenes

A group of muscles located in the neck, responsible for assisting with breathing and the lateral flexion and rotation of the neck.

Blood Concentration

The amount of a substance (such as glucose, electrolytes, or medication) present in a certain volume of blood.