How Much Would You Need to Deposit in a Savings

question 84

Multiple Choice

How much would you need to deposit in a savings account that earns 7%,compounded annually,to withdraw $20,000 eight years from now? (Future Value of $1,Present Value of $1,Future Value Annuity of $1,Present Value Annuity of $1. ) (Use appropriate factor from the PV tables.Round your final answer to the nearest whole dollar amount. )

• A)$11,640
• B)$18,600
• C)$18,692
• D)$34,364

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Definitions:

Sexual Enhancement Program

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Mirror Examination

The practice of investigating one's own body using a mirror to promote body positivity and self-awareness.

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