If You Deposit $20,000 Today in a Bank Account at a Quoted

question 24

Multiple Choice

If you deposit $20,000 today in a bank account at a quoted rate of 12%, compounded quarterly, how much will be in the account in five years if you make no withdrawals? Round your
Answer to the nearest dollar.

• A)$36,122
• B)$21,020
• C)$35,247
• D)none of the above

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Definitions:

Carpal Tunnel Syndrome

A medical condition caused by the compression of the median nerve as it travels through the wrist, often associated with repetitive tasks like typing.

Repetitive Strain Injuries

Repetitive Strain Injuries (RSIs) are musculoskeletal and nervous system injuries caused by repetitive tasks, forceful exertions, vibrations, mechanical compression, or sustained or awkward positions.

IT

Short for Information Technology, referring to the use, development, and maintenance of computer software, systems, and networks.

Watson

An AI platform developed by IBM, known for its question answering capabilities, notably showcased in its victory on the Jeopardy! television show.