A Small Business Owner Contributes $5,000 at the End of Each

question 4

Multiple Choice

A small business owner contributes $5,000 at the end of each quarter to a retirement account that earns an annual rate of 6% compounded quarterly. How long will it be until the account is worth $150,000? ​

• A) 24.96 quarters
• B) 43.11 quarters
• C) 57.39 quarters
• D) 69.15 quarters
• E) 13.63 quarters

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Definitions:

Arterial Blood Gasses

Tests that measure the amounts of oxygen and carbon dioxide in arterial blood, used to assess lung function and gas exchange.

Nonsteroidal Antiinflammatory

A class of drugs that reduce inflammation, fever, and pain without being steroids, commonly used for treating mild to moderate pain.

Aspirin

A medication used to reduce pain, fever, inflammation, and, in low doses, to prevent blood clots.

Ibuprofen

A nonsteroidal anti-inflammatory drug (NSAID) commonly used to reduce fever, relieve pain, and decrease inflammation.