Assume That You Invest $1250 at the End of Each

question 21

Multiple Choice

Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund.You currently have $10,000 in the mutual fund.The annual rate of interest that you expect to earn in this account is 4.35%.The amount in the account at the end of 15 years is

• A) $58,940.30
• B) $28,750.00
• C) $37,009.35
• D) $44,630.81
• E) $25,690.50

---

Definitions:

Melanin

The pigment responsible for determining skin, hair, and eye color in humans and animals, also providing some protection against the effects of UV radiation.

Epinephrine

A hormone and neurotransmitter, also known as adrenaline, that increases heart rate, muscle strength, blood pressure, and sugar metabolism.

Concrete Operations

The third stage in Piaget’s scheme, characterized by flexible, reversible thought concerning tangible objects and events.

Preoperational Stage

is a stage in Piaget's theory of cognitive development, where children from 2 to 7 years old develop memory and imagination, but think in an illogical manner.