Suppose There Is No Inflation,and the Current Interest Rate Is

question 68

Multiple Choice

Suppose there is no inflation,and the current interest rate is 4% per year.Erin plans to open a savings account and deposit $100 annually for the next 5 years.She plans to leave this money untouched for 10 more years.At the end of the period,the balance of her savings account will be

• A) 2500(1.04⁵ - 1).
• B) 2000(1.04¹⁵-1).
• C) 2000(1.04⁵ - 1)(1.04)¹⁰.
• D) 2500(1.04⁵ - 1)(1.04)¹⁰.

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Definitions:

Medial Geniculate Nucleus

A part of the thalamus in the brain involved in auditory processing and the relay of sound information from the ear to the auditory cortex.

Auditory System

The sensory system involved in the process of hearing, including the ears and the brain pathways that process sound.

Organ of Corti

The Organ of Corti is a structure located in the cochlea of the inner ear, responsible for converting sound vibration waves into electrical signals that can be interpreted by the brain as sound.