You Want to Open a Sushi Bar 3 Years from Now

question 104

Multiple Choice

You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately.You will make 3 deposits in an account that pays 5.2% interest.Under these assumptions, how much will you have 3 years from today?

• A) $20,993
• B) $22,098
• C) $23,261
• D) $24,424
• E) $25,645

---

Definitions:

Good Faith

The principle of honesty and sincerity in dealings and transactions, free of intent to deceive or defraud.

Complete Performance

The full and exact fulfilment of contractual obligations or tasks as agreed.

Expressly Stated

Clearly and specifically declared or written, leaving no room for doubt or interpretation.

Fully Satisfied

A state where all conditions or obligations have been met or fulfilled to the complete satisfaction of all involved parties.