How Much Will You Have at the End of 5

question 211

Multiple Choice

How much will you have at the end of 5 years in a European vacation account if you deposit $200 a month, and the account earns 12 percent compounded monthly?

• A)$16,334
• B)$15,247
• C)$16,497
• D)$15,817

---

Definitions:

Feedback Loop

A system structure where the output or the process is fed back in a circuitous route to the input to control, adjust, or stabilize operations, commonly seen in both engineering and biological systems.

Employed

pertains to being hired and working under a contract for a company or an individual, contributing labor in exchange for compensation.

Word-to-File Move

A process in programmable logic controllers (PLCs) where data is moved from one or more word-sized locations to a file or array.