Fred Made 12 End-Of-Month Deposits of $250 into a Mutual

question 127

Multiple Choice

Fred made 12 end-of-month deposits of $250 into a mutual fund earning 16% compounded monthly. How much will he have in his account two years after his last deposit if the fund continues to earn 16% compounded monthly?

• A) $4,438.83
• B) $3,756.45
• C) $19,399.58
• D) $9,770.65
• E) $6,014.20

---

Definitions:

Ethical Dilemma

A situation in which a person must choose between conflicting moral principles, making a decision that could have ethical ramifications.

Undesirable Elements

Refers to aspects or components within a context, environment, or system that are considered harmful, unwanted, or negative.

Negative Ethical Consequences

Adverse outcomes that arise from actions or decisions that are considered morally wrong, harming individuals or society as a whole.

Morals

People’s adherence to right or wrong behavior and right or wrong thinking.