Your Friend Has a Baby and Is Thinking About Having

question 113

Multiple Choice

Your friend has a baby and is thinking about having a sibling for the baby at a later time. She asks you how long she should wait to have another child if she wants to minimize sibling rivalry. What should you tell her?

• A)Wait until the baby is four years old and then have a sibling
• B)Wait until the baby is two years old and then have a sibling
• C)Have the sibling before the baby is two years old
• D)There will always be sibling rivalry no matter when you have the second child

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Definitions:

Compound Interest

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Future Value

The value of an investment or loan at a specific future date, considering interest or return earned over time.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Future Value

The estimated value of an investment at a specific date in the future, considering interest or growth over time.