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

question 13

Multiple Choice

How much can be accumulated for retirement if $2,000 is deposited annually, beginning 1 year from today, and the account earns 9% interest compounded annually for 40 years?

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

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Definitions:

Glycine

The simplest amino acid, with the chemical formula NH2CH2COOH, used in the body to make proteins.

Amino Acid

Organic compounds that serve as the building blocks of proteins, containing both amino (-NH2) and carboxylic acid (-COOH) functional groups.

Polypeptide

A molecule consisting of a chain of amino acids linked by peptide bonds, and is the building block of proteins.

Amino Acid Sequences

The order in which amino acids are linked together by peptide bonds in a protein or peptide.