Assume That You Are Willing to Postpone Consumption of $1,000

question 6

Multiple Choice

Assume that you are willing to postpone consumption of $1,000 today and buy a certificate of deposit (CD) at your local bank with the $1,000.Holding the CD for one year provides you with an 8% reward for saving or postponing consumption.This reward for postponing consumption implies that at the end of the year you will have how much more money for spending?

• A)$79.50
• B)$79.75
• C)$79.90
• D)$80.00

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Definitions:

Extra Weight

Additional body mass that may come from fat, muscle, bone, and/or water retention, potentially impacting health.

Cholesterol

A waxy, fat-like substance found in all cells of the body, which is essential for the production of hormones, vitamin D, and substances that help digest foods.

Cardiovascular Disease

A group of conditions affecting the heart or the blood vessels, including issues like coronary artery disease, high blood pressure, and cerebrovascular accidents.

LDL To HDL

The ratio of low-density lipoprotein (LDL) to high-density lipoprotein (HDL) in the blood, an important indicator of cardiovascular health.