If $10,000 Is Deposited in an Account Paying 7% Compounded

question 17

Short Answer

If $10,000 is deposited in an account paying 7% compounded quarterly, then what amount will be in the account after 8 years?

---

Definitions:

Disease Risk Factor

A characteristic, condition, or behavior that increases the likelihood of developing a disease or health condition.

Life Span

The maximum duration of life of a species or the length of life of an individual.

Precision Medicine Initiative

A research endeavor that aims to understand how a person's genetics, environment, and lifestyle can help determine the best approach to prevent or treat disease.

Sequencing

The process of determining the precise order of nucleotides within a DNA or RNA molecule.