Maria Wants to Save Up for a Car

question 7

Multiple Choice

Maria wants to save up for a car. How much should she put in her bank account monthly to save $10 000 in two years if the bank pays 6% interest compounded monthly?

• A)$293.21
• B)$316.67
• C)$393.21
• D)$401.13
• E)$416.67

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Definitions:

Attorney General

The principal legal officer of a state or a country, responsible for representing the government in legal matters.

Picketing

The placement of persons for observation, patrol, and demonstration at the site of employment as part of employee pressure on an employer to meet a demand.

Boycotting

The act of refusing to buy, use, or participate as a means of protest or coercion.

Norris-LaGuardia Act

The Norris-LaGuardia Act of 1932 is a U.S. federal law that protects the right of workers to organize and engage in labor activities without employer interference.