Juan Has Two Investment Accounts

question 65

Multiple Choice

Juan has two investment accounts. The first had Juan make monthly deposits of $375 per month over 5 years at a rate of 4.4% compounded semi-annually. The second investment required Juan make an initial $5,000 deposit along with $125 quarterly deposits over a 5-year period at a rate of 3.5% compounded monthly. Determine the combined future value of both investments at the end of five years.

• A) $35,186.27
• B) $34,764.53
• C) $34,011.67
• D) $33,764.53
• E) $33,011.67

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Definitions:

Work Schedules

The planned hours of work and patterns of work for employees, including the days of the week and times of day they are expected to work.

Sleep Quality

A measure of how well one sleeps, considering factors such as duration, latency, frequency of disturbances, and feelings upon waking.

Sleep Cycles

The patterns of alternating REM (rapid eye movement) and non-REM sleep that occur cyclically throughout a typical sleep period, affecting overall sleep quality and health.

Siesta Cultures

Societies or communities where taking a midday nap or rest is a common and valued practice.