Your Parents Agree to Pay Half of the Purchase Price

question 220

Multiple Choice

Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years from now. You have $6,000 to invest today and can
Earn 10% on invested funds. If your parents match the amount of money you have in two years,
What is the maximum you can spend on the new car?

• A) $7,260
• B) $11,948
• C) $12,000
• D) $13,250
• E) $14,520

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Definitions:

Rights in Research

Ethical guidelines ensuring participants in research are treated with respect and that their rights are protected throughout the study.

Confidentiality

The ethical principle or legal right that a physician or other healthcare professional will hold secret all information relating to a patient unless the patient gives consent permitting disclosure.

Sample

Portion of a larger group of subjects in a research study.

Qualitative Research

An inductive approach to analysis; no formal instruments are used and instead, loosely structured narrative data are collected; data are analyzed by identifying themes and patterns that emerge.