You Deposit $5,000 Per Year at the End of Each

question 162

Multiple Choice

You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually.How much could you withdraw at the end of each of the 20 years following your last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit is made at the beginning of the 20-year period.The first withdrawal is made at the end of the first year in the 20-year period.)

• A) $18,276
• B) $27,832
• C) $37,230
• D) $43,289

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Definitions:

Displaced Oblique Fracture

A type of bone fracture where the bone breaks diagonally and the pieces move out of alignment.

Shaft

The long, narrow, central portion of an object, tool, or anatomical structure.

Left Tibia

The larger and stronger of the two bones in the lower leg, located on the medial side, commonly known as the shinbone.

Initial Encounter

A term denoting the very first consultation or treatment session for a new health problem or diagnosis.