Derek Contributed $200 Per Month for Twenty Years at an Interest

question 185

Multiple Choice

Derek contributed $200 per month for twenty years at an interest rate of 3.9% compounded semi-annually. Determine how much interest was earned over the twenty year period.

• A) $24,282.30
• B) $25,282.30
• C) $26,282.30
• D) $27,282.30
• E) $28,282.30

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Definitions:

Brain Shape

The form or morphology of the brain, which can influence cognitive abilities and behavior in various organisms.

Cognitive Ability

Refers to the capacity of the brain to process information, reason, remember, and relate objects and symbols to engage in abstract thinking and problem-solving.

Homo Naledi

A species of human ancestor discovered in South Africa, noted for its unique mix of primitive and modern traits.

Primitive Hominin Traits

Basic or ancestral characteristics exhibited by early human ancestors.