A Particular Investment Program Involves Continuously Making Small Investments Adding

question 43

Multiple Choice

A particular investment program involves continuously making small investments adding up to $3600 each year. If the investment pays 8%, and the account started off with an initial balance of $1000, how much will the account be worth in 40 years?

• A) $1,083,496
• B) $1,058,964
• C) $24,533
• D) $1,128,496

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Definitions:

Nicotine

a toxic yellowish liquid alkaloid found in tobacco and used in medicine as an insecticide, and also known to be highly addictive.

Dopamine

A neurotransmitter involved in motivation, pleasure, and reward, influencing movement, learning, and emotional responses.

Levels

Refers to different stages, positions, or degrees in a hierarchy or process.

Brain

The organ located in the skull, responsible for coordinating movement, interpreting the senses, producing thoughts, emotions, and storing memories.