To Compute How Much You Would Need to Save Each

question 18

Multiple Choice

To compute how much you would need to save each year for the next 25 years to allow you to withdraw $20,000 for the following 30 years, you would need to use

• A) the future value of an annuity.
• B) the present value of an annuity.
• C) both future and present value of an annuity.
• D) both present and future value of $1.

---

Definitions:

Nervous System

The part of an organism that coordinates its actions by transmitting signals to and from different parts of its body.

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing and transmitting messages throughout the body.

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, consisting of nerves and ganglia, that connects the central nervous system to limbs and organs.

Physiology Of Stress

The study of how the body responds physically and biologically to stressors, including the activation of the nervous system and the release of stress hormones.