If You Are Saving for an Overseas Trip and Put

question 18

Multiple Choice

If you are saving for an overseas trip and put $400 every month into an account paying 6.8% per annum,compounding monthly,how much will you have at the end of 3.25 years?

• A) $5014.43
• B) $16 907.41
• C) $17 001.84
• D) $17 403.22

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Definitions:

Provincial Governments

The governing bodies of provinces or states within a federal system, responsible for regional legislation and administration.

Employer-provided Benefits and Services

Compensation given to employees in addition to salary, including health insurance, retirement benefits, and wellness programs.

Gain Benefits

The process or action of obtaining advantages, such as improved health, insurance, or financial gains, usually through employment or negotiation.

Reduce Employee Fatigue

Implementing strategies or measures to decrease exhaustion and improve well-being among workers.