Daniel Deposits $2,000 Per Year at the End of the Year

question 24

Multiple Choice

Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on deposit at the end of the 15 years?

• A) $39,981
• B) $46,753
• C) $49,002
• D) $50,258

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Definitions:

Coming Out

The process by which individuals acknowledge and disclose their sexual orientation or gender identity to others, which can be a significant and personal journey.

Scapegoating

The practice of unfairly blaming an individual or group for problems or failures, often to divert attention from the actual causes.

Problem Consensus

Agreement among members of a group on the nature, significance, and priority of a problem that needs addressing.

Punishment

A consequence meant to reduce the frequency of an undesirable behavior, often used in disciplinary contexts.