Here Are the Number of Hours That Bill Has Exercised

question 5

Multiple Choice

Here are the number of hours that Bill has exercised each week since he started keeping records.
Round your answer to the nearest tenth.

• A)8.3 hours
• B)9.3 hours
• C)8.0 hours
• D)7.8 hours
• E)7.4 hours

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Definitions:

RRSP

Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Compounded semi-annually

The process of adding interest to the principal sum of a loan or deposit, or "compounding," twice each year.

Deferral period

The time span during which payments or obligations are postponed or delayed.