If Gerry Makes a Deposit of $1,500 at the End

question 45

Multiple Choice

If Gerry makes a deposit of $1,500 at the end of each quarter for 5 years, how much will he have at the end of the 5 years assuming a 12% annual return and quarterly compounding?

• A) $40,305
• B) $30,000
• C) $108,078
• D) $161,220

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Definitions:

Qi Gong

An ancient Chinese practice involving meditation, controlled breathing, and movement exercises to enhance physical and mental well-being.

Tai Chi

A Chinese martial art and form of stylized, meditative exercise, characterized by slow, flowing movements and focused on breathing and mental concentration.

Biofeedback

A technique that trains individuals to improve their health by controlling certain bodily processes that normally happen involuntarily.

Muscle Tension

The state of being contracted and stiff in muscles, often as a response to stress or physical activity.