You Want to Buy New Kitchen Appliances 2 Years from Now

question 99

Multiple Choice

You want to buy new kitchen appliances 2 years from now, and you plan to save $8,200 per year, beginning one year from today.You will deposit your savings in an account that pays 6.2% interest.How much will you have just after you make the 2nd deposit, 2 years from now?

• A) $15,260
• B) $16,063
• C) $16,908
• D) $17,754
• E) $18,642

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Definitions:

Ida B Wells

An African American journalist, abolitionist, and feminist who led an anti-lynching crusade in the United States during the 1890s.

Lynching

The illegal execution of an individual by a mob, often by hanging, without a legal trial, historically common in the United States as a form of racial terror against African Americans.

Memphis

A city in the southwestern part of the U.S. state of Tennessee, significant for its historical and cultural contributions.

Progressive State Politics

A political stance or movement emphasizing social reform, democratisation, and efforts to mitigate the effects of inequality and ensure the welfare of citizens through state intervention.