What Single Amount Deposited Now into an Account Paying $9 \frac { 2 } { 3 } \%$

question 171

Multiple Choice

What single amount deposited now into an account paying $9 \frac { 2 } { 3 } \%$ annual interest, compounded quarterly, would fund an annuity paying $\$ 3,050$ quarterly for the next 29 years?

• A) \(\quad \$ 118,273.49\)
• B) \(\$ 118,318.61\)
• C) \(\quad \$ 118,298.49\)
• D) \(\quad \$ 118,448.28\)

---

Definitions:

Temperament

The inherent part of an individual's personality, including aspects such as mood, disposition, and adaptability.

Securely Attached

A type of attachment style where individuals feel confident and are able to form meaningful and stable relationships.

Caregivers

Individuals who provide care for another person, typically a family member or loved one, who might be in need due to illness, disability, or age.

Interaction

The process by which two or more entities (people, organizations, or substances) influence or have an effect on each other.