If $2,000 Were Invested at the End of Every Three

question 111

Multiple Choice

If $2,000 were invested at the end of every three months, how long would it take to accumulate $475,000 at 10% compounded quarterly? (rounded up to the nearest whole year)

• A) 60 years
• B) 79 years
• C) 27 years
• D) 20 years
• E) 14 years

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Trouble

A state of distress, difficulty, or need which may arise from a variety of life situations.

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The biological process by which genetic traits are transmitted from parents to their offspring, influencing various aspects of an individual's characteristics and behaviors.

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The fundamental components or elements that combine to create complex systems or structures.

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A condition resulting from surgery that cuts the corpus callosum, separating the cerebral hemispheres and affecting communication between them.