If Gerry Makes a Deposit of $1,500 at the End

question 27

Multiple Choice

If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?

• A) $40,305
• B) $30,000
• C) $108,078
• D) $161,220

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Definitions:

PHStat

An Excel add-in designed to perform statistical analysis, providing tools for various statistical tests and data analysis methods.

Capital Investments

Expenditures made by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Criteria

Standards or principles by which something can be judged or decided, often used in the process of evaluation, decision-making, and establishing benchmarks for performance.

Uncertain Information

Information that is not known with certainty, often due to variability or incomplete knowledge.