Use This Information to Answer the Following Question

question 61

Multiple Choice

Use this information to answer the following question. If an accumulation of $16,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years,assuming an APR of 12 percent?

• A)$4,742.15
• B)$53,984.00
• C)$11,387.90
• D)$22,480.00

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Definitions:

Genetic-Linked Anemia

A type of anemia that is caused by inherited genetic conditions affecting the blood and its components, leading to reduced oxygen transport.

Balanced Diet

A diet consisting of a variety of different types of food providing adequate amounts of nutrients necessary for good health.

Eating Habits

Patterns or behaviors related to how people choose, consume, and process food, significantly impacting nutritional health and well-being.

Hypertension

A medical condition in which the blood pressure in the arteries is persistently elevated, often leading to serious health issues if untreated.