Deposits of $725 Are Made into an Account Earning J₄

question 22

Multiple Choice

Deposits of $725 are made into an account earning j₄ = 10% in order to accumulate to $21,500.It turns out that 22 deposits are needed,plus a bit more.If the final deposit is a drop payment made 3 months after the last regular deposit,what is the size of this final deposit?

• A)$588.79
• B)$574.43
• C)$51.29
• D)$0

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Definitions:

Adult Role Models

Individuals of maturity who exemplify behaviors, attitudes, or success patterns that are admired and possibly emulated by younger people.

Ethical Decision-Making

Conducting assessments and making decisions between options based on ethical guidelines.

Final Element

The ultimate or last part of a series, process, or action, completing or bringing it to a conclusion.

Moral Compass

An internalized set of values and principles that guide an individual's ethical behaviors and decision-making.