Gerry Make Quarterly Deposits $2,000 at the End of Every

question 61

Multiple Choice

Gerry make quarterly deposits $2,000 at the end of every 3-month period in a fund earning interest compounded semi-annually at j₂ = 8%.If the fund pays simple interest for the fractional part of any interest period,what is the accumulated value of Gerry's deposits at the end of 5 years?

• A)$48,024.44
• B)$48,264.56
• C)$48,499.96
• D)$48,504.67

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Definitions:

Cultural System

An organized set of symbols, beliefs, values, and practices shared by a group, which shapes its members' worldview and identity.

Personality System

A concept in psychology that refers to the organization of an individual's distinguishing personal traits, patterns of behavior, and thought processes.

Systemic Evolution

The process of significant and fundamental change in system structures, patterns, or dynamics over time.

Talcott Parsons

An influential American sociologist known for his development of action theory and for his contributions to the functionalist framework in sociology.