Kristina Started Setting Aside Funds Three Years Ago to Save

question 19

Multiple Choice

Kristina started setting aside funds three years ago to save for a down payment on a house.She has saved $900 each quarter and earned an average rate of return of 4.8 percent.How much money does she currently have saved?

• A)$11,542.10
• B)$12,388.19
• C)$15,209.80
• D)$15,366.67
• E)$16,023.13

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Definitions:

Rated Voltage

The maximum voltage at which an electrical component can operate safely and efficiently over its lifespan.

Locked-rotor Current

A rephrased definition for Locked-rotor Starting Current: The initial surge of electrical current an electric motor experiences when powered on, but the rotor is stationary, leading to a higher than normal current draw.

Design Code Letter

A letter or set of letters found on an electric motor's nameplate that indicates the motor's locked rotor kVA per horsepower, crucial for understanding start-up power demands.