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

question 8

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:

Negation

In logic, the operation that takes a proposition to its opposite in truth value.

Disjunction

A logical operation that results in true if at least one of its operands is true.

Conditional

A statement, often expressed as "if-then," that specifies a condition and the outcome if that condition is met.

Conjunction

In grammar, a conjunction is a part of speech that connects words, sentences, phrases, or clauses.