Deposits of $200 Are Made at the End of Every

question 24

Multiple Choice

Deposits of $200 are made at the end of every 3-months.The interest rate is j4 = 6% for the first 4-years (16 deposits) and j4 = 5% thereafter.What is the accumulated value of the deposits,immediately after the 24th deposit?

• A)$5632.99
• B)$5711.91
• C)$5258.25
• D)$5703.40

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Definitions:

Effort

The amount of mental or physical energy put into a task or activity to achieve a specific goal.

Motives

The internal drives, desires, or needs that propel individuals to take action or behave in a specific manner.

Leadership

The act of guiding and directing a group towards achieving its goals by influencing the behavior of others.

Affiliation

The joining of people for mutual support; membership; a social motive for assuming leadership responsibility.