Find the Amount of Each Payment Needed to Accumulate the Indicated

question 42

Multiple Choice

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.
-$4,200, money earns 10% compounded semiannually, 6 years

• A)$617.48
• B)$544.36
• C)$263.89
• D)$333.90

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Definitions:

Neuroplasticity

The ability within the brain to constantly change both the structure and function of many cells in response to experience or trauma.

Reflex Arc

The connection of the afferent neurons to the interneurons to the efferent neurons, resulting in a reflex action.

Somatic Nervous System

A part of the peripheral nervous system responsible for carrying motor and sensory information both to and from the central nervous system.

Peripheral Nervous System

A portion of the nervous system that consists of the nerves outside the brain and spinal cord, connecting the central nervous system to limbs and organs.