An Investor Wants to Accumulate $10,000 at the End of 15

question 10

Multiple Choice

An investor wants to accumulate $10,000 at the end of 15 years by making 11 annual deposits of $R,1^st deposit to be made at the end of year 4.If j₁ = 7%,what is R?

• A)$559.01
• B)$592.12
• C)$614.93
• D)$663.57

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Definitions:

Behaviors

Actions or reactions of an individual or system in response to external or internal stimuli.

Strengthen

To make or become stronger, more forceful, or more resistant to stress.

Primary Reinforcer

A stimulus that is naturally rewarding for an individual, such as food, water, or sleep, that satisfies basic survival needs.

Grades

A system used to evaluate or rate students' performance in academic settings.