You Are Saving for a Car That Costs $28,000 That

question 22

Multiple Choice

You are saving for a car that costs $28,000 that you hope to purchase in five years.How much will you need to deposit today in a savings account that earns 8%,compounded annually,to withdraw enough for the purchase? (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)$16,800
• B)$19,057
• C)$25,760
• D)$41,140

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Definitions:

Sustainability Perspective

Viewing decisions and practices through the lens of their long-term impact on environmental, economic, and social well-being.

Balanced Scorecard (BSC)

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, and prioritize projects, products, and services.

Eco-Intensity Measures

Quantitative assessments that evaluate the environmental impact of a company's activities in relation to its economic value, typically aimed at reducing negative environmental effects while maintaining productivity.

Eco-Efficiency

An environmental management strategy aiming to reduce ecological impact while maximizing economic efficiency and productivity.