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:

Duodenum

A section of the small intestine immediately beyond the stomach, where the mixing of stomach acids, digestive enzymes, and bile occurs.

Lower Intestine

Part of the digestive system that includes the large intestine and rectum, involved in water absorption and feces formation.

Osmotic Thirst

A type of thirst arising from a high concentration of solutes in the body's fluids, prompting the desire to drink to dilute them.

Hypovolemic Thirst

Thirst caused by low fluid volume in the body due to factors such as bleeding or high levels of sweating.