Pedro Gonzalez Will Invest $5,000 at the Beginning of Each

question 61

Multiple Choice

Pedro Gonzalez will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?

• A) $58,471.
• B) $62,440.
• C) $67,435.
• D) $72,435.

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Definitions:

Protein Intake

The amount of protein consumed by an organism, which is essential for growth, repair, and overall health.

Bouts of Sleep

Episodes or periods of sleeping, especially when they are brief or occur at irregular intervals.

Proximodistal Growth

A pattern of development in which growth starts at the center of the body and moves towards the extremities.

Limbs

The appendages of the human or animal body used for movement, such as arms and legs.