Antoinette Needs $20,000 as a Down Payment for a House

question 34

Multiple Choice

Antoinette needs $20,000 as a down payment for a house five years from now. She earns 4% on her savings. Antoinette can either deposit one lump sum today for this purpose or she can wait a
Year and deposit a lump sum. How much additional money must Antoinette deposit if she waits for
One year rather than making the deposit today?

• A) $639.19
• B) $657.54
• C) $658.23
• D) $659.04
• E) $800.00

---

Definitions:

Shuts Down Discussion

Actions or remarks that terminate a conversation or debate, preventing further exchange of ideas or opinions.

Gender Differences

The distinctions in characteristics, behaviors, roles, and expectations typically associated with being male or female in a given society.

Positive Gossip

Sharing information about someone else in a manner that is supportive, uplifting, or beneficial to their reputation or status.

Communication Problems

Issues that occur during the exchange of information between individuals, leading to misunderstandings, conflicts, or inefficiency.