Sally Has Invested a Constant Amount at the End of Every

question 126

Multiple Choice

Sally has invested a constant amount at the end of every six months for the last 40 years. She has made wise investment decisions and has earned a return of 16.4% compounded semi-annually. Today the value of her savings has reached $2,500,000. What amount has she been investing every half-year?

• A) $91.66
• B) $375.29
• C) $5,834.15
• D) $61,983.84
• E) $205,375.29

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Definitions:

Umbilical Region

The umbilical region is the area surrounding the umbilicus (navel), centrally located in the abdominal region.

Hypogastric Region

The lower central part of the abdomen located beneath the umbilical region and above the pelvic brim.

Epigastric Region

The upper central region of the abdomen, located above the stomach and beneath the ribs.

Superior to Hips

A term describing a location on the body that is above the hips.