You Make 6 Quarterly Deposits Starting at $135 and Increasing

question 58

Multiple Choice

You make 6 quarterly deposits starting at $135 and increasing at a constant rate of 4.5%. The interest rate is 8.4% compounded quarterly. What is the size of the last deposit?

• A) $186.23
• B) $168.23
• C) $128.63
• D) $135.00
• E) $668.23

---

Definitions:

Working Conditions

The environment and factors affecting labor, including hours, safety, physical conditions, and rights in the workplace.

Feminist Counseling

A therapeutic approach that considers societal, cultural, and gender-based influences on individuals, promoting equality and advocating for women's rights and issues.

Valuable

Having great worth, importance, or usefulness, often in a material, financial, or personal context.

Important

Signifies something of great significance or value; essential or highly regarded.