Use the Data in Table 3

question 2

Multiple Choice

Use the data in table 3.1 to answer the following question(s) :
Table 3.1
-Refer to Table 3.1 above. How much will you have if you deposit $1,000 each year for the next 5 years in an account paying 7%?

• A) $1,403
• B) $713
• C) $5,751
• D) $4,100

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Definitions:

Recently Formed

Describing something that has come into existence or been created or established a short while ago.

South Atlantic Ocean

The part of the Atlantic Ocean located south of the Equator, extending between the continents of South America and Africa.

Rifted Apart

A geographical term describing the process by which tectonic plates move away from each other, creating rift valleys or separating landmasses.

Oceanic Plateau

A large, flat, elevated area of the seabed formed by volcanic activity, often found in the middle of ocean basins.