A Man Makes an Initial Deposit of $1000

question 77

Multiple Choice

A man makes an initial deposit of $1000.Every three months thereafter his deposits are $50 lower than the previous deposit.If j₄ = 10%,how much has he accumulated at the time of the 16^th deposit? (Answer to the nearest dollar)

• A)$26,141
• B)$19,380
• C)$19,211
• D)$12,620

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Definitions:

Sexual Contact

Physical interaction between individuals involving genitalia, often associated with the transmission of sexually transmitted infections (STIs).

Intracytoplasmic Sperm Injection

A fertility treatment method where a single sperm is injected directly into an egg to facilitate fertilization.

Artificial Insemination

Artificial insemination is a fertility treatment method involving the direct insertion of sperm into a woman's womb.

Severe Infertility

An extreme condition of inability to conceive offspring after a prolonged period of trying, necessitating medical investigation or intervention.