Alexa Plans on Saving $3,000 a Year and Expects to Earn

question 88

Multiple Choice

Alexa plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent.How much will she have in her account at the end of 45 years?

• A)$1,806,429
• B)$1,838,369
• C)$2,211,407
• D)$2,333,572
• E)$2,508,316

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Definitions:

Delivered Power

The amount of electrical power supplied to a load or system by its source.

Cycle

In an alternating current (AC) circuit, one complete waveform, including a positive and a negative swing, usually measured in hertz (Hz).

Delta Connected

A method of circuit connection in electrical engineering where three components form a closed loop resembling the Greek letter Delta (Δ).

Phase Voltage

The voltage measured across a single component in a multi-phase system.