If Delores Wanted to Make Sure That She Had $3,000

question 195

Multiple Choice

If Delores wanted to make sure that she had $3,000 a year from now, how much would she need to save now if the interest rate is 7 percent?

• A) $3000
• B) $2804
• C) $2790
• D) $2666

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Definitions:

Analyzing Action Alternatives

The process of assessing different possible actions to determine which would be most effective in achieving desired objectives.

Implementing

The process of putting plans, strategies, or ideas into action to achieve desired outcomes.

Defining Objectives

The process of establishing clear, specific, measurable, and achievable targets that an organization or individual aims to reach.

Setting Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals for an individual, team, or organization.