Suzette Is Going to Receive $10,000 Today as the Result

question 114

Multiple Choice

Suzette is going to receive $10,000 today as the result of an insurance settlement. In addition,she will receive $15,000 one year from today and $25,000 two years from today. She plans on saving all of this money and investing it for her retirement. If Suzette can earn an average of 11% on her investments,how much will she have in her account if she retires 25 years from today?

• A) $536,124.93
• B) $541,414.14
• C) $546,072.91
• D) $570,008.77
• E) $595,098.67

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Definitions:

ODP Rating

Ozone Depletion Potential rating; a measure of how much a chemical substance can break down ozone in the atmosphere.

Crossmember Spread

The distance between crossmembers, which are structural components that provide support and rigidity to a vehicle's chassis.

Sub-Frame

A structural component that provides support and attachment points for other systems or components within a larger framework, such as in vehicles or machinery.

Dolly Legs

Trailer landing gear system; consists of gear-cranked, retractable legs reinforced by fixed gusset arms.