Solve the Problem $\$ 14,000$ In 2 Years to Return to College to Get an Years

question 143

Multiple Choice

Solve the problem.
-Cindy will require $\$ 14,000$ in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at $11 \%$ compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)

• A) \(\$ 11,235\)
• B) \(\$ 11,363\)
• C) \(\$ 17,445\)
• D) \(\$ 9017\)

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Definitions:

Skeletal Muscle

a muscle that is connected at either or both extremities with a bone and so move parts of the skeleton; characterized by striated fibers.

Central Nervous System (CNS)

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and sending out neural signals.

Physical Medicine

A branch of medicine that aims to enhance and restore functional ability and quality of life to those with physical impairments or disabilities.

Abbreviation

A contracted version of a word or phrase.