Assume That $800 Is Deposited in an Account in Which

question 202

Multiple Choice

Assume that $800 is deposited in an account in which interest is compounded 8 times a year, at an annual rate of 6%.Find the accumulated amount after 2 years.Round your answer to the nearest cent.

• A)$901.59
• B)$1,201.59
• C)$801.59
• D)$851.59
• E)$1,001.59

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Definitions:

Atresia

A condition characterized by the absence or closure of a normal body opening or duct.

Corpus Albicans

Atrophied corpus luteum, leaving a connective tissue scar in the ovary.

Secondary Follicles

The stage in the development of ovarian follicles where they begin to accumulate fluid and grow larger, preceding ovulation.

Menarche

Establishment of menstrual function; the time of the first menstrual period or flow.