To Save for a New Car, Samuel Smith Will Invest

question 45

Multiple Choice

To save for a new car, Samuel Smith will invest $3,000 at the end of each year for the next 5 years. The interest rate is 8%. What is the future value?

• A) $15,000
• B) $2,980
• C) $17,601
• D) $13,518

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Definitions:

Simple Columnar Epithelium

A single layer of tall, closely packed cells, lining organs such as the intestines and involved in absorption and secretion.

Microvilli

Microvilli are microscopic cellular membrane protrusions that increase the surface area for absorption or secretion, common in cells of the intestines and kidneys.

Hepatic Triad

A component of the liver's microscopic anatomy, consisting of a bile duct, hepatic artery, and hepatic portal vein, crucial for liver function and health.

Hepatic Vein

A vein that drains deoxygenated blood from the liver back into the circulatory system towards the heart.