An Initial Deposit of $20,000 Earns 8% Interest, Compounded Quarterly

question 71

Short Answer

An initial deposit of $20,000 earns 8% interest, compounded quarterly. How much will be in the account after 10 years?
Please give the answer to the nearest cent. $__________

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Definitions:

Penial-vaginal Intercourse

A sexual encounter characterized by the penis being inserted into the vagina.

Genital Thrusting

A sexual behavior involving the rhythmic motion of the pelvis, often associated with the act of intercourse or sexual excitement.

Interfemoral Intercourse

Movement of the penis between the partner’s thighs.

Sexual Fantasies

Imaginative thoughts or daydreams about sexual activities or desires, often reflecting personal wishes or cultural influences.