Payments of $1000

question 23

Essay

Payments of $1000.00 are made into a fund at the beginning of every month for 10 years. If the fund earns interest at 12% compounded monthly, what will the balance in the fund at the end of the term?

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Definitions:

Androgens

Male sex hormones, such as testosterone, responsible for the development and maintenance of male characteristics and reproductive functions.

Genitals

The organs of the reproductive system, particularly those involved in sexual reproduction.

Infants

Young babies, typically under one year of age.

Gender

The socially constructed roles, behaviors, expressions, and identities associated with being male or female.