At the End of Every Year for 45 Years Sabrina

question 132

Multiple Choice

At the end of every year for 45 years Sabrina invested $500 into her retirement plan. The plan has earned 13% compounded annually over the 45 years. She made the last deposit today. How much money has she accumulated?

• A) $1,783,603
• B) $937,082
• C) $480,583
• D) $318,675
• E) $157,950

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Definitions:

Sympathetic Nervous

Part of the autonomic nervous system that prepares the body for fight or flight responses by accelerating heart rate, dilating pupils, and other physiological changes.

Somatic Nervous

A component of the peripheral nervous system associated with the voluntary control of body movements via skeletal muscles.

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing and sending out nerve signals.

Somatic Nervous System

A part of the peripheral nervous system responsible for voluntary movements of muscles and the reception of external stimuli.