How Much Can Be Accumulated for Retirement If $2,000 Is

question 37

Multiple Choice

How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 9 percent interest compounded annually for 40 years?

• A)$87,200.00
• B)$675,764.89
• C)$736,583.73
• D)$802,876.27 PV = 2000

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Definitions:

Evaluation

A planned, ongoing, purposeful activity in which client and health care professionals determine the client’s progress toward goal achievement and the effectiveness of the nursing care plan.

Assessment

A systematic evaluation or analysis of a condition, situation, or education achievement to make informed decisions.

Emergency Assessment

The initial evaluation and management of a patient in a critical condition, aiming to stabilize their vital functions.

Shift Change

The process in workplaces, especially in healthcare, where employees transition between coming on duty and leaving duty at different times.