Use This Information to Answer the Following Question

question 69

Multiple Choice

Use this information to answer the following question. If an accumulation of $6,000 is desired at the end of three years,at a 12% interest rate what amount must be deposited at the end of each of the three years?

• A) $1,778.30
• B) $20,244.00
• C) $4,270.46
• D) $8,430.00

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Definitions:

Strategies

Plans or methods developed to achieve a goal or solve a problem.

Nash Equilibrium

A concept within game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.

Optimal Strategy

The best or most efficient course of action to achieve a specific goal or maximize a particular set of outcomes under given conditions.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if the other players keep their strategies unchanged.