You Need $2,000 to Buy a New Stereo for Your

question 118

Multiple Choice

You need $2,000 to buy a new stereo for your car. If you have $800 to invest at 5% compounded annually, how long will you have to wait to buy the stereo?

• A) 6.58 years
• B) 8.42 years
• C) 14.58 years
• D) 15.75 years
• E) 18.78 years

---

Definitions:

Political Power

The authority or influence that individuals or groups hold within a political structure.

Sherman Act

An antitrust federal statute passed in 1890 which prohibits certain business activities that reduce competition in the marketplace, including monopolies.

Felony

A serious crime, such as murder, rape, or robbery, that is punishable by imprisonment for more than one year or death.

Restrain Trade

Practices or agreements that restrict free competition in business and commerce.