What Regular Investment, Made at the End of Every Three

question 147

Multiple Choice

What regular investment, made at the end of every three months and earning 10% compounded quarterly, would accumulate to $475,000 in 20 years?

• A) $3,492.86
• B) $17,616.21
• C) $7,856.83
• D) $1,912.37
• E) $7,916.67

---

Definitions:

Independent

Free from outside control; not depending on another's authority or on specific factors.

Maslow's Hierarchy

A theory in psychology that categorizes human needs into a five-tier model, from basic (such as food and shelter) to complex (such as self-fulfillment).

Mental Illness

Refers to a wide range of mental health conditions that affect mood, thinking, and behavior.

Internalized

Refers to the absorption and incorporation of ideas, attitudes, or values into one's own belief system or psychological makeup.