Assume That You Invest $750 at the End of Each

question 24

Multiple Choice

Assume that you invest $750 at the end of each quarter for the next 20 years in a mutual fund.The annual rate of interest that you expect to earn in this account is 5.25%.The amount in the account at the end of 20 years is

• A) $60,000.00
• B) $105,039.84
• C) $37,009.35
• D) $123,510.52
• E) $115,637.37

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Definitions:

Neural-Tube Defects

a type of birth defect involving incomplete development of the brain, spinal cord, or their protective coverings.

Pregnancy

The condition of carrying a developing embryo or fetus within the female body, usually lasting about 40 weeks from the last menstrual period to childbirth.

Low-birthweight

A term used to describe babies born weighing less than 2,500 grams or 5 pounds, 8 ounces, which may lead to various health issues.

Diabetes

A group of diseases that result in too much sugar in the blood, due to inadequate production or use of insulin.