Ted and Alice Want to Make Sure That Their Children

question 134

Multiple Choice

Ted and Alice want to make sure that their children will inherit lots of money when they die, so that their children do not have to struggle the way they themselves did. Saving more in response to this is a ________ reason for saving.

• A)life-cycle
• B)bequest
• C)private
• D)precautionary

Grasp the application of compound interest in real-life investment scenarios.

Understand the concepts of present value and how it relates to future investments.

Learn about the impact of different compounding periods on the future value and compound interest.

Develop the ability to compute interest charges on loans.

---

Definitions:

West Africa

A geographic region in Africa that includes countries along the Atlantic coast and Sahel, known for its diverse cultures, languages, and histories.

World Malaria Report

An annual report published by the World Health Organization (WHO) providing a comprehensive update on global and regional malaria data and trends.

Reported Malaria Cases

The number of malaria instances that have been officially documented or recorded.

West Africa

A region in Africa located to the west of the continent, comprising several countries adjacent to the Atlantic Ocean.