Solve the Problem. -To Save for Retirement, Sue Decides to Deposit $2000 into Deposit

question 180

Multiple Choice

Solve the problem.
-To save for retirement, Sue decides to deposit $2000 into an IRA at the end of each year for the next 30 years. If the interest rate is 5% per year compounded annually, find the value of the IRA after 30 years. (Round to the
Nearest dollar.)

• A)$124,645
• B)$1,048,668
• C)$6644
• D)$132,878

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Definitions:

Plane Joint

A type of synovial joint that allows sliding movements, as seen between the carpal bones of the wrist.

Vertebrae

The individual bones that make up the vertebral column (spine), providing structural support and protecting the spinal cord.

Bowing Head

A physical gesture of lowering the head and torso slightly as a sign of respect, submission, or acknowledgment.

Hyperextension

An excessive extension of a limb or joint beyond its normal range of motion, often leading to injury.