Assume That You Can Invest to Earn a Stated Annual

question 99

Multiple Choice

Assume that you can invest to earn a stated annual rate of return of 12 percent,but where interest is compounded semiannually.If you make 20 consecutive semiannual deposits of $500 each,with the first deposit being made today,what will your balance be at the end of Year 20?

• A) $52,821.19
• B) $57,900.83
• C) $58,988.19
• D) $62,527.47
• E) $64,131.50

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Definitions:

Organ Reserve

The excess capacity built into organs, allowing them to cope with extraordinary demands or to compensate for age-related degradation.

Senescence

The process of aging characterized by a gradual decline in physical and cognitive function.

Allostatic

Related to the process by which the body responds to stressors in order to regain homeostasis.

Sexual Activity

Physical acts between individuals that are intended to stimulate sexual pleasure or reproductive processes.