Scott Deposits $5,000 at the End of Each Year into an Account

question 69

Multiple Choice

Scott deposits $5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years?

• A)$67,060
• B)$21,873
• C)$30,100
• D)$28,185.50
• E)None of these

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Definitions:

Antisocial Personalities

A psychological condition characterized by a pervasive pattern of disregard for, or violation of, the rights of others.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Remorse

A deep feeling of guilt or regret for one's actions that were wrong or harmful.

Paraphilia

Patterns of sexual attraction to unusual or socially unacceptable objects or practices.