At the End of Each Year for 25 Years You

question 57

Multiple Choice

At the end of each year for 25 years you deposit $365 in an account that earns 12% interest.If instead you had begun saving earlier,and had deposited $365 in the account each year for 50 years,how much more money would you have on deposit?

• A)$13,607.10
• B)$157,557.18
• C)$718,449.48
• D)$827,339.80

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Definitions:

Pneumoconiosis

A type of lung disease caused by the inhalation of dust, leading to inflammation and scarring of the lung tissue.

Malignant Tumor

A type of cancerous growth capable of invading other parts of the body and potentially leading to serious health risks or death.

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, secreting a fluid that lubricates organ surfaces.

Inflammation

A biological response to injury or infection, leading to redness, heat, swelling, and pain in the affected area.