On Your First Through Fifth Birthdays Your Parents Placed $2,000

question 94

Multiple Choice

On your first through fifth birthdays your parents placed $2,000 into your college fund (five total deposits of $2,000 each) .The account has earned an average of 8.0% per year until today,your twentieth birthday.How much money is in the account today?

• A)$11,733.20
• B)$37,219.70
• C)$12,671.86
• D)$25,383.41

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Definitions:

Voluminous

Describing something as having great volume or size, or being very lengthy or detailed.

Passive Listening

Listening to someone without giving active feedback, often resulting in missing important details or nuances.

Acceptance

The act of receiving or agreeing to something offered or proposed with a positive attitude.

Extra Hours

Additional hours worked beyond the usual or scheduled working time, often eligible for overtime compensation.