Three Thousand Dollars Is Deposited into an Account Paying 10

question 112

Multiple Choice

Three thousand dollars is deposited into an account paying 10% annually to provide three annual withdrawals of $1,206.34 beginning in one year. How much remains in the account after the second payment has been withdrawn?

• A) $1,326.97
• B) $1,206.34
• C) $1,096.69
• D)$587.32

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Definitions:

Numerical Entries

Data or information input into a system or document that is specifically number-based or quantitative in nature.

Cancel Meeting

The act of formally calling off a scheduled meeting, often done through notification or a meeting management system.

Appointment Area

The section in a calendar or scheduling software where appointments or events are displayed or entered.

Appointment Status

An attribute of an appointment in scheduling software that indicates its current condition, such as confirmed, pending, or canceled.