If a Company Wishes to Accumulate $500,000 in 20 Years

question 150

Multiple Choice

If a company wishes to accumulate $500,000 in 20 years at 5% by making equal yearly deposits into an account,calculation of the deposits is an application of the

• A)future value of a single amount.
• B)present value of a single amount.
• C)future value of an annuity.
• D)present value of an annuity.

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Definitions:

Cochlea

A spiral-shaped, fluid-filled inner ear structure crucial for converting sound vibrations into neural signals for hearing.

Temporal Lobe

A region of the brain located at the sides of the brain, responsible for processing auditory information and encoding memory.

Auditory Canal

The tube that runs from the outer ear to the middle ear, also known as the ear canal, through which sound waves travel.

Coagulation Laser

A medical device used to induce blood clotting through laser energy, often used in surgeries to minimize bleeding.