If You Deposit $100 into an Account That Pays an Interest

question 33

Essay

If you deposit $100 into an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $444?

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Definitions:

Tectum

A part of the brain located in the midbrain that plays a role in auditory and visual reflexes.

Basal Ganglia

A group of nuclei in the brain involved in coordinating movement, as well as aspects of learning and memory.

Allocortex

A type of cortical tissue in the brain characterized by fewer layers than the neocortex, involved in functions like emotion and memory.

Hippocampus

A brain structure embedded deep in the temporal lobe, critical for learning and memory.