Mateo Deposits $5,000 at the End of Years 2, 4

question 233

Multiple Choice

Mateo deposits $5,000 at the end of years 2, 4 and 6. If interest is 8.2% compounded annually, determine the value at the end of year 6.

• A) $18,706.59
• B) $19,706.59
• C) $20,706.59
• D) $21,706.59
• E) $22,706.59

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Definitions:

Apprehension

The fear or anticipation, especially of a future problem or trouble; in law, it can also refer to the arrest of a person.

Assault

An intentional act that creates a reasonable apprehension of imminent harmful or offensive contact.

Liability

Legal responsibility or obligation to another party, usually in terms of damages or debts.

Battery

A legal violation characterized by the illegal physical realization of a threat, separate from assault that encompasses the action of inducing fear of that contact.