How Much Money Would You Have at the End of Five

question 175

Multiple Choice

How much money would you have at the end of five years if you made deposits of $450 at the end of every month into an investment that accumulated at 18% compounded monthly?

• A) $116,843
• B) $43,297
• C) $31,860
• D) $27,000
• E) $17,721

---

Definitions:

Imprisonment

The act of confining someone in a prison as a legal punishment for a crime committed.

Community Service

Voluntary work intended to help people in a particular area, enhancing community environments and benefiting individuals or groups within the society.

Incapacitation

A term often used in criminal justice to refer to the prevention of future crimes by removing the ability of the offender to commit them, typically through imprisonment.

Criminals Imprisoned

Individuals who have been legally convicted of criminal activities and are serving their sentences in prison facilities.