Jackie Plans to Open Her Own Book Store in 10

question 40

Multiple Choice

Jackie plans to open her own book store in 10 years.To raise the "seed" money she has committed $10,000 she now has in a mutual fund.In addition, she plans to save $2,000 per year (end of year) for the next 5 years and $3,000 per year (end of year) for the following 5 years.How much "seed" money will Jackie have in 10 years if the investments earn 10 percent per year compounded annually?

• A)$76,129
• B)$63,925
• C)$44,255
• D)$159,370

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Definitions:

Alcohol-Based Hand Rub

A hand hygiene practice using liquids, gels or foams containing alcohol, designed to reduce or eliminate harmful germs and viruses on the hands.

Body Fluids

Liquids within the human body that perform essential functions, including blood, saliva, urine, and cerebrospinal fluid.

Intact Skin

Skin that remains unbroken and healthy, providing a natural barrier against infection and injury.

Direct Contact

A mode of disease transmission where infectious agents are transmitted through immediate physical touch or contact with an infected individual.