Pete Rool Made Deposits of $6,000 at the End of Each

question 46

Short Answer

Pete Rool made deposits of $6,000 at the end of each quarter to Rote Bank, which pays 8% interest compounded quarterly. After three years, Pete made no more deposits. What would be the balance in the account two years after the last deposit?

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Definitions:

Primary Taste Qualities

The basic categories into which all taste sensations can be grouped, traditionally sweet, sour, salty, bitter, and umami.

Cochlear Implants

Electronic medical devices that replace the function of the damaged inner ear by providing sound signals directly to the brain.

Auditory Nerve

The axon bundle that transmits neural impulses from the organ of Corti to the brain.