Solve the Problem. Round to the Nearest Cent

question 88

Multiple Choice

Solve the problem. Round to the nearest cent.
-Cara needs $9,000 in 12 years. What amount can she deposit at the end of each quarter at 6% interest compounded quarterly so she will have her $9,000?

• A) $125.68
• B) $133.23
• C) $533.49
• D) $129.37

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Definitions:

Functionalist Perspective

A sociological approach that emphasizes the way that the parts of a society are structured to maintain its stability and functionality.

Social Inequality

The presence of imbalanced chances and benefits for varying social ranks or statuses amidst a community or society.

Occupations

The various types of jobs or professions individuals engage in, often as a means of earning a living and contributing to society.

Life Chances

The opportunities individuals have for achieving economic prosperity, based on their social status, education, and other factors.