If a Merchant Deposits $2,000 Annually at the End of Each

question 152

Multiple Choice

If a merchant deposits $2,000 annually at the end of each tax year in an IRA account paying interest at the rate of 4%/year compounded annually, how much will she have in her account at the end of 20 years? Round your answer to two decimal places. ​

• A) $4,382.25
• B) $59,556.16
• C) $3,600.00
• D) $25,901.32

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Definitions:

Propositions

Are ideas that result from finding the relationship between concepts.

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Are collections of related percepts.

Concrete Level

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Sensate Level

Refers to the capacity or level at which physical sensations or feelings are experienced and perceived.