You Wish to Make a Sizeable Down Payment on a House

question 64

Multiple Choice

You wish to make a sizeable down payment on a house and you currently have $18,325 invested at an annual rate of 4.75%. How much money will be in the account in 2.5 years if it continues to earn at its present rate?

• A) $18,325
• B) $19,464
• C) $20,579
• D) $20,605

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Definitions:

Horizontal

Not vertical; flat and even; level; parallel to the plane of the horizon.

Midaxillary Line

An imaginary line running vertically down the surface of the body passing through the apex of the axilla (armpit).

Cardiology

The study of the heart and its diseases.

Voltage

A measure of electromotive force.