How Much Would You Have to Invest Today in the Bank

question 12

Multiple Choice

How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $4,800 per year for 7 years, with nothing left in the bank at the end of the 7 years? Select the amount below that is closest to your answer. (Ignore income taxes.) Use Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.)

• A) $33,600
• B) $2,798
• C) $24,989
• D) $31,111

Distinguish between input and output devices.

Learn about the role of the operating system in managing computer resources.

Understand the different character sets and their significance.

Grasp the concept of computer programs, compilers, interpreters, and assemblers.

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Definitions:

Synthesize

Synthesize involves combining various elements or concepts into a coherent whole, especially in the context of creating a new understanding or interpretation from different sources of information.

Bloom's Evaluate

Refers to the evaluation level in Bloom's taxonomy, requiring judgment based on criteria and standards through checking and critiquing.

Distributed Practice

A learning technique where practice is broken up into a number of short sessions over a longer period.

Cramming

An intensive, short-term study practice aimed at memorizing large amounts of information in a minimal amount of time.