How Much Must Be Invested Now at 9% Interest to Accumulate

question 52

Multiple Choice

How much must be invested now at 9% interest to accumulate to $10,000 in five years?

• A)$9,176.
• B)$6,499.
• C)$5,500.
• D)$5,960.

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Definitions:

Major Nerve

A principal nerve, typically large in size, that carries significant sensory or motor information to and from the central nervous system.

Brachial Plexus

A network of nerves that originate from the spinal cord in the neck and supply the arm and hand.

Phrenic

Relating to the diaphragm, especially a nerve that originates in the neck and passes down between the lung and heart to reach the diaphragm.

Thoracic Plexus

A network of nerves in the thoracic region of the body that is involved in controlling the chest muscles and sensory perception in the thoracic area.