Beginning Three Months from Now, You Will Need $1,500 Each

question 99

Multiple Choice

Beginning three months from now, you will need $1,500 each quarter for the next four years to cover expenses. How much do you need to have saved today to meet these needs if you can earn .35 percent interest per quarter? 

• A) $23,300.75 
• B) $26,847.15 
• C) $21,068.00 
• D) $22,319.54 
• E) $26,069.79 

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Definitions:

Salesman

An individual who sells products or services, often directly to consumers or businesses, with the aim of achieving sales targets and generating revenue.

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Human Relations

The study and management of how individuals and groups interact within organizations, often focusing on enhancing workplace relationships and morale.

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