A) If Sparco, Inc

question 38

Essay

a.) If Sparco, Inc. deposits $150 at the end of each year for the next eight years in an account that pays 5% interest, how much money will Sparco have at the end of eight years?
b.) Suppose Sparco decides that they need to have $5,300 at the end of the eight years. How much will they have to deposit at the end of each year?

---

Definitions:

Nodes of Ranvier

Gaps in the myelin sheath of nerve fibers where the axon is exposed, allowing for the rapid conduction of nerve impulses.

Nerve Impulses

Electrical signals that travel along nerve fibers, enabling communication between neurons in the body.

Myelin

The insulating layer around many nerve fibers, essential for the fast transmission of electrical impulses along nerve cells.

Nerve Impulse

An electrical signal that travels along the axon of a neuron, transmitting information between neurons or between neurons and muscles.