Sandy Wants to Go on a Trip in 10 Years

question 127

Multiple Choice

Sandy wants to go on a trip in 10 years.If she invests $1,000 per year at the end of each year for 10 years at a 12% interest rate,she will accumulate ____ to spend on her trip.(Use time value table or financial calculator.)

• A)$10,610
• B)$12,130
• C)$15,105
• D)$16,710
• E)$17,549

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Definitions:

Chlorination

A chemical reaction where chlorine is added to another substance, often used in the synthesis of organic compounds and as a method for water disinfection.

Methane

A simple hydrocarbon with the formula CH4, representing the simplest alkane and the main component of natural gas.

Termination Reaction

A chemical reaction that halts the growth of a polymer chain by removing reactive intermediates, ending the polymerization process.

Photochemically Initiated

Describes a process or reaction that begins when light energy is absorbed by a chemical substance.