A Deposit Of $\$ 3,000$ Is Made in an Account That Earns

question 49

Multiple Choice

A deposit of $\$ 3,000$ is made in an account that earns $4 \%$ interest compounded yearly. The balance in the account after N years is given by $A _ { N } = 3,000 ( 1 + 0.04 ) ^ { N }$ , $N = 1,2,3 , \ldots$ Find the balance in this account after $20$ years by computing $A _ { 20 }$ . Round your answer to the nearest cent.

• A) \(A _ { 20 } = \$ 5,403\)
• B) \(A _ { 20 } = \$ 62,400\)
• C) \(A _ { 20 } = \$ 6,573\)
• D) \(A _ { 20 } = \$ 3,245\)
• E) \(A _ { 20 } = \$ 6,321\)

Recognize the impact of cultural beliefs on interpretations of mental illness.

Distinguish between various theories regarding the etiology of mental disorders.

Analyze the significance of diagnostic manuals in the classification of psychological disorders.

Explore the role of bodily fluids and physical health in historical understandings of mental illness.