You Want to Have $100,000 in Five Years

question 247

Multiple Choice

You want to have $100,000 in five years.If the interest rate is 8 percent,about how much do you need to save today?

• A)$66,225.25
• B)$67,556.42
• C)$68,058.32
• D)$71,428.57

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Definitions:

Emotional

Pertaining to feelings or affective states that can influence thoughts, behaviors, and physiological responses.

Emotional Regulation

The ability to manage and respond to an emotional experience with a range of emotions in a socially acceptable manner.

Indiscriminate Attachment

A phase in early human development where infants show no preference for specific caregivers and seek comfort and attention from anyone.

Insecure Attachment

A type of attachment style characterized by difficulty in forming secure and trusting relationships with others, often as a result of inconsistent or unresponsive caregiving in early childhood.