Your Goal Is to Be Able to Withdraw $10,000 for Each

question 47

Multiple Choice

Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today.The return on the investment is expected to be 8%.The amount that needs to be invested today is closest to:

• A)$60,709.
• B)$85,629.
• C)$69,776.
• D)$117,884.

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Definitions:

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Specialized language or terms used within a particular profession, domain, or group, often difficult for outsiders to understand.

APA Ethics Code

A set of guidelines developed by the American Psychological Association to ensure ethical conduct in the practice of psychology.

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The degree to which the implementation of a program or intervention adheres to the original design or protocol.

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The obligation to carry out duties or tasks satisfactorily and being accountable for the outcomes.