Jackie and Her Husband Started a Savings Account for Their

question 22

Multiple Choice

Jackie and her husband started a savings account for their twin daughters when they were 2 years old.They have been saving $100,000 a year at an interest rate of 10%,and intend on keeping up with their annual contribution to the fund until the girls are 21.What is the future value of their investment?

• A)$864,869.43
• B)$836,492.01
• C)$5,115,909.05
• D)$6,400,249.94
• E)$2,090,000

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Definitions:

Irrational Fear

An exaggerated or unreasonable fear of a specific object, situation, or activity that poses little to no real danger.

Chemical Digestion

The breakdown of food into smaller molecules that can be absorbed by the body, utilizing enzymes, acids, and other substances produced by the body.

EDNOS

Eating Disorders Not Otherwise Specified, a term formerly used for eating behaviors that do not fully meet the criteria for anorexia, bulimia, or binge eating disorder, now largely replaced by "OSFED" (Other Specified Feeding or Eating Disorder) in diagnostic manuals.

Binge-Eating Disorder

A serious eating disorder characterized by frequent episodes of consuming very large amounts of food followed by feelings of shame, distress, or guilt.