Claudine Corporation Will Deposit $5,000 into a Money Market Account

question 51

Multiple Choice

Claudine Corporation will deposit $5,000 into a money market account at the end of each year for the next five years.How much will accumulate by the end of the fifth and final payment if the account earns 9% interest?

• A)$32,617.
• B)$29,924.
• C)$27,250.
• D)$26,800.

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue that extends from the brain, conducting signals to and from the brain to the rest of the body.

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Diagnosis Code

Alphanumeric codes that healthcare providers use to classify and record diseases, symptoms, and medical conditions.