You Have a Target of Having $ 5,000 at the End

question 111

Multiple Choice

You have a target of having $ 5,000 at the end of 5 years. If interest rate is at 3% how much would you need to invest today?

• A) $ 4,313.04
• B) $ 4,854.36
• C) $ 4,442.45
• D) Additional information is required to complete the calculation.

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Definitions:

Subcutaneous Adipose Tissue

This is the layer of fat that is located just beneath the skin, serving as insulation and an energy reserve for the body.

Skin Wound

A disruption of the normal structure and function of the skin and underlying soft tissue, typically resulting from physical damage.

Blood Clot

A mass formed by platelets and fibrin in the blood to stop bleeding.

Extracellular Materials

Substances found outside cells within an organism, providing support, anchorage, and segregation to tissues and organs; includes proteins like collagen and enzymes.