You Need $12,000 in 6 Years

question 46

Multiple Choice

You need $12,000 in 6 years.How much will you need to deposit today if you can earn 11 percent per year,compounded continuously? Assume this is the only deposit you make.

• A)$6,000.00
• B)$6,048.50
• C)$6,179.25
• D)$6,202.22
• E)$6,415.69

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Definitions:

Skull

The bony structure forming the head, protecting the brain and supporting the structures of the face.

Sensory Impulses

Electrical messages that are transmitted along sensory neurons, carrying information from sensory receptors to the central nervous system.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Ciliary Body

A part of the eye that includes the ciliary muscle, which controls the shape of the lens for focusing, and the ciliary epithelium, which produces the aqueous humor.