How Much Must You Invest Today at 8% Interest in Order

question 13

Multiple Choice

How much must you invest today at 8% interest in order to see your investment grow to $15,000 in 10 years?

• A) $6,330
• B) $6,945
• C) $7,620
• D) $7,500

---

Definitions:

Cost-benefit Analysis

A methodical strategy for evaluating the advantages and disadvantages of different options to identify the most effective method to realize benefits while ensuring cost savings.

Government

The organization or system through which a community or nation is managed and regulated.

Flood-control Projects

Initiatives aimed at managing or preventing the overflow of rivers, lakes, or oceans, to protect land and property.

Economic Grounds

The basis or rationale for decisions and actions based on economic factors, such as cost, benefits, and economic efficiency.