If You Invest $4,000 at the End of Every Year

question 140

Multiple Choice

If you invest $4,000 at the end of every year for nine years at an interest rate of 6%, the balance of your investment in 5 years will be closest to

• A) $5,352.
• B) $16,848.
• C) $22,548.
• D) $36,000.

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Definitions:

Mutualistic Relationship

A type of symbiotic relationship where both organisms involved benefit from their interaction.

Dinoflagellate

A type of planktonic microorganism, many species of which are photosynthetic, contributing to marine and freshwater ecosystems.

Atmospheric Layer

A stratum of gases surrounding a planet that is held in place by the gravity of that body, categorized into different layers based on temperature gradient and other properties.

Earth's Weather

The state of the atmosphere at a given time and place, including elements like temperature, humidity, precipitation, and wind.