How Much Must Be Saved at the End of Each

question 107

Multiple Choice

How much must be saved at the end of each year for the next 10 years in order to accumulate $50,000,if you can earn 9% annually? Assume you contribute the same amount to your savings every year.

• A) $3,291.00
• B) $3,587.87
• C) $4,500.33
• D) $4,587.79

---

Definitions:

Ethical Dilemma

A situation in which a difficult choice must be made between two or more actions, each of which has moral implications.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature that can affect an individual's employment, interfere with their work performance, or create a hostile work environment.

Conflicts Of Interest

Situations where an individual's or organization's personal interests could improperly influence the performance of their professional duties or responsibilities.

Customer Confidence

The trust and belief that customers have in a company and its products or services.