Abby Wants to Have $20, 000 Available in August 2015

question 1

Multiple Choice

Abby wants to have $20, 000 available in August 2015 to make a college tuition payment.To be able to have this amount available, Abby will have to make equal annual deposits in an investment earning 12% annually in August 2011, 2012, 2013, 2014, and 2015 in the amount of

• A)$5, 548
• B)$4, 954
• C)$4, 000
• D)$3, 148

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Definitions:

Product Completion

The final stage in the production process where a product is finished and ready for sale.

Backward Scheduling

Scheduling that involves arranging production activities around the due date for the product.

Efficiency

The ability to accomplish a task or produce a desired outcome with the minimum amount of waste, expense, or unnecessary effort.

Customer Service

The support and assistance businesses provide to their customers before, during, and after a purchase.