The Accumulated Value of N Payments of $500 at I

question 43

Multiple Choice

The accumulated value of n payments of $500 at i immediately after the n^th payment is S.Which of the following gives the correct accumulated value immediately after the (n+2) ^th payment of $500?

• A)S(1 + i)+ 2(500)(1 + i)
• B)S + 500(1 + i)+ 500
• C)[S + 500](1 + i)² + 500
• D)S(1 + i)² + 500(1 + i)+ 500

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Definitions:

Endorphins

Endorphins are neurotransmitters in the brain that act as natural painkillers and mood elevators, often released in response to stress and pain.

Morphine

A potent opiate analgesic drug derived from the opium poppy, used to treat severe pain.

Codeine

An opiate used to treat pain, as a cough suppressant, or occasionally in the treatment of diarrhea.

Neurotransmission

The process by which nerve cells (neurons) communicate with each other through the exchange of chemical messengers called neurotransmitters.