If You Put $10 in a Savings Account at the Beginning

question 35

Multiple Choice

If you put $10 in a savings account at the beginning of each month for 15 years,how much money will be in the account at the end of the 10th year? Assume that the account earns 12% compounded monthly and round to the nearest $1.

• A) $1,200
• B) $2,323
• C) $5,046
• D) $3,485

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Definitions:

Pidginization

The development of a simplified form of language that evolves when different linguistic groups need to communicate, often lacking in grammar and vocabulary.

Rudimentary Language

A basic form of communication using minimal vocabulary or grammar, often seen in the early stages of language development.

Combine Words

The process of forming new phrases or sentences by joining two or more distinct words.

Broca's Aphasia

Broca's Aphasia is a language disorder resulting from damage to a specific area in the frontal lobe, characterized by difficulty in producing speech but relatively preserved comprehension.