Assume That $150 Is Deposited at the End of Each

question 243

Multiple Choice

Assume that $150 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 6%.Find the accumulated amount after 13 years.Round to the nearest cent.

• A)$2,832.32
• B)$4,720.54
• C)$2,982.32
• D)$6,258.75
• E)$6,608.75

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Definitions:

Demand Variations

Fluctuations in consumer desire for a product or service over time, often influenced by factors like seasonality, price changes, and trends.

Off-Peak Pricing

is a pricing strategy where prices are lowered during times of less demand to encourage more consumption or use of a service.

Demand Variations

Refers to fluctuations in the market's desire for a product or service over time, often influenced by factors like seasonality, trends, and economic conditions.

Services Marketing

Services marketing is the promotion of intangible offerings that differ from physical products, focusing on service quality, customer relations, and experience management.