Silva Saves $100 at the End of Each Month and Deposits

question 93

Multiple Choice

Silva saves $100 at the end of each month and deposits the money in an account, paying 7.49% compounded semi-annually. How much of the accumulated amount is interest after 40 years?

• A) $291 872
• B) $243 872
• C) $299 531
• D) $251 531
• E) $253 521

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Definitions:

Orbitofrontal Cortex

A prefrontal cortex region in the brain involved in sensory integration, decision-making, and the encoding of the value of rewards.

Human Cerebellum

A region of the brain located beneath the occipital lobes that helps coordinate voluntary movements and maintain posture, balance, and equilibrium.

Motor Learning

The process of acquiring and refining motor skills through practice, involving changes in the nervous system.

Working Memory

A cognitive system that holds temporarily a limited amount of information in an accessible state for short-term use.