If $500 Is Deposited into an Investment at the End

question 216

Multiple Choice

If $500 is deposited into an investment at the end of every month for five years and the money is then left to accumulate without any more deposits for another five years, what will be the total value of the investment if it earns a rate of 8% compounded quarterly?

• A) $187,103
• B) $104,519
• C) $91,201
• D) $57,026
• E) $54,516

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Definitions:

Personality Disorders

A group of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, significantly deviating from cultural expectations.

Major Problems

Fundamental or significant issues that are substantial in magnitude and require attention or solutions.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals as the authoritative guide to diagnose mental disorders.

Cluster C

A classification within personality disorders characterized by anxious and fearful behavior, including avoidant, dependent, and obsessive-compulsive personality disorders.