A Particular Investment Program Involves Continuously Making Small Investments Adding

question 33

Multiple Choice

A particular investment program involves continuously making small investments adding up to $3600 each year. If the investment pays 12%, and the account started off with an initial balance of $500, how much will the account be worth in 40 years?

• A) $3,676,068
• B) $3,615,313
• C) $60,755
• D) $3,706,068

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Definitions:

Personality Research

The scientific study of individual differences in characteristic patterns of thinking, feeling, and behaving.

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