Determine the Accumulated Value After 13

question 8

Essay

Determine the accumulated value after 13.5 years of deposits of $470.00 made at the beginning of every three months and earning interest at 7.2% compounded quarterly.

---

Definitions:

Chromosome

A structure within cells that contains genetic information in the form of DNA, essential for the control of cell activities and inheritance.

Trisomy 21

A genetic disorder caused by the presence of an extra 21st chromosome, also known as Down syndrome.

Autosomal Abnormality

A genetic condition caused by a mutation in one of the autosomal (non-sex) chromosomes, affecting both males and females equally.

Edwards Syndrome

A genetic disorder caused by the presence of all or part of an extra 18th chromosome, characterized by developmental delays, intellectual disability, and various physical abnormalities.