How Much Would You Have to Invest Today at 8

question 212

Multiple Choice

How much would you have to invest today at 8% compounded annually to have $25,000 available for the purchase of a car four years from now?

• A) $18,267.26
• B) $18,375.75
• C) $19,147.25
• D) $21,370.10
• E) $22,149.57

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Definitions:

Appointment Status

An indicator of the current state or phase of an appointment, such as scheduled, canceled, or completed.

Calendar Item

An entry in a digital calendar representing a scheduled event, meeting, or reminder.

Alert Window

A pop-up notification that appears on a computer screen to inform or warn the user about an important action or event.

Upcoming Appointment

A scheduled meeting, visit, or event that is planned to occur in the near future.