You Make a $10,000 Initial Deposit and Make Semi-Annual Contributions

question 87

Multiple Choice

You make a $10,000 initial deposit and make semi-annual contributions of $950.If your investment earns you 2.6% compounded annually, how long will it take before you have $60,000?

• A)20 years
• B)19 years
• C)18 years
• D)17 years Data entry using the BAII Plus Calculator:

---

Definitions:

General Adaptation Syndrome

A model that describes the body's short-term and long-term reactions to stress, comprising stages of alarm, resistance, and exhaustion.

Alarm Stage

The initial phase of the stress response, where the body recognizes a threat and prepares to face it or flee.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for 'fight or flight' responses during stressful situations.

Adrenal Glands

Endocrine glands located above the kidneys that produce various hormones including adrenaline and cortisol, which help regulate metabolism, immune system, blood pressure, and stress responses.