Anna Has $30,000 to Invest

question 60

Multiple Choice

Anna has $30,000 to invest. She requires €50,000 for a down payment for a house. If she is able to invest at 6%, how many years will it be before she will accumulate the desired balance?

• A) 6 years
• B) 7 years
• C) 8 years
• D) 9 years

---

Definitions:

Chuckling

A soft, low-key form of laughter, often expressing amusement in a quiet or restrained manner.

Positive Cries

Emotional expressions through crying that are not rooted in distress but can signify joy, relief, or a deep emotional release.

Cooing

Soft, gentle sounds made by babies in the early stages of vocal development.

Babbling

A stage in child language acquisition where infants produce sounds before they learn to speak actual words, often combining consonants and vowels like "baba" or "gaga".