Assume That You Invest $1250 at the End of Each

question 21

Multiple Choice

Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund.You currently have $10,000 in the mutual fund.The annual rate of interest that you expect to earn in this account is 4.35%.The amount in the account at the end of 15 years is

• A) $58,940.30
• B) $28,750.00
• C) $37,009.35
• D) $44,630.81
• E) $25,690.50

---

Definitions:

Elementary School

An educational institution for children that provides the basic levels of education, usually from kindergarten through fifth or sixth grade.

Disability

A physical or mental condition that limits a person's movements, senses, or activities.

Financial Assistance

Monetary aid provided to individuals or organizations in need, often from governmental or philanthropic sources.

Single Parent

A parent who is raising children alone without the involvement of the other parent.