If You Invest $1,000 at the End of Every Year

question 110

Multiple Choice

If you invest $1,000 at the end of every year for five years at an interest rate of 10%,the balance of your investment in 5 years will be closest to:

• A)$1,611.
• B)$3,791.
• C)$5,000.
• D)$6,105.

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Definitions:

Concentric Lamellae

Circular layers of bony matrix in an osteon of compact bone, surrounding a central canal containing blood vessels and nerves.

Central Canal

A fluid-filled channel in the center of the spinal cord through which cerebrospinal fluid circulates, providing nutrients and removing waste.

Compact Bone

Dense bone tissue that makes up the outer layer of bones; it is smooth, solid, and gives bones their strength.

Cartilage

A flexible, connective tissue found in various parts of the body, including joints, rib cage, and earlobes, providing support and allowing for movement.