You Are Scheduled to Receive $30,000 in Two Years

question 40

Multiple Choice

You are scheduled to receive $30,000 in two years. When you receive it, you will invest it for 5 more years, at 8 percent per year. How much money will you have 7 years from now?

• A)$39,909.19
• B)$41,381.16
• C)$44,079.84
• D)$47,209.19
• E)$51,414.73

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Definitions:

African-American Freedom

The state or condition of being free from slavery, oppression, or discrimination for people of African descent in America.

International Communism

A political and economic ideology advocating for a classless society, with common ownership of the means of production, and with international scope or application.

Muslim World

encompasses the countries and populations where Islam is the predominant religion, shaping the cultural, political, and social norms.

Elijah Muhammad

Leader of the Nation of Islam from 1934 to 1975, he played a significant role in advocating for the rights and empowerment of African Americans.