Solve the Application Problem

question 5

Multiple Choice

Solve the application problem. Round to the nearest cent.
-How much should be deposited semiannually into a sinking fund over 5 years to accumulate $ 159,000 if the money earns 8% compounded semiannually?

• A)$27,103.14
• B)$9,544.77
• C)$13,869.57
• D)$13,243.11

---

Definitions:

Jaundice

A medical condition characterized by yellowing of the skin and the whites of the eyes, caused by the accumulation of bilirubin in the blood.

Eosinophil Count

A measure of the number of eosinophils, a type of white blood cell, in the blood, often used to diagnose allergic reactions or parasitic infections.

Parasitic Worm

An organism that lives on or in a host organism and gets its food at the expense of its host, often causing disease.

Bone Marrow

A soft, spongy tissue inside bones that produces blood cells, including red blood cells, white blood cells, and platelets.