At the End of 8 Years,your Friend Wants to Have

question 14

Multiple Choice

At the end of 8 years,your friend wants to have $50,000 saved for a down payment on a house.He expects to earn 8%-compounded monthly-on his investments over the next 8 years.How much would your friend have to put in his investment account each month to reach his goal?

• A)$188
• B)$374
• C)$392
• D)$521

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Definitions:

Duong Van Minh

A Vietnamese military officer and politician who played a key role in the events leading up to the fall of Saigon and the end of the Vietnam War, briefly serving as South Vietnam's president in 1975.

CIA

The Central Intelligence Agency, a U.S. federal agency responsible for conducting intelligence and counterintelligence activities abroad.

Operation Rolling Thunder

A campaign of extensive aerial bombing conducted by the United States during the Vietnam War.

NLF Fighters

Members of the National Liberation Front, a South Vietnamese communist-led organization and guerrilla force that fought against the United States and South Vietnamese governments during the Vietnam War.