Isaac Only Has $690 Today but Needs $800 to Buy

question 43

Multiple Choice

Isaac only has $690 today but needs $800 to buy a new laptop.How long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?

• A)2.29 years
• B)2.48 years
• C)2.51 years
• D)2.77 years
• E)2.81 years

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Definitions:

Validity

The degree to which a method, test, or measurement accurately reflects what it is intended to assess.

Quechua Indians

Indigenous people living in the Andean highlands of South America, especially in Peru, known for their rich cultural traditions and language.

Developmental Adaptation

A process by which an organism changes over time in response to its environment in ways that are beneficial for its growth, survival, or reproduction, often considered in the context of physiological or psychological changes.

Right Heart Ventricle

The right ventricle is one of the four chambers of the heart, responsible for pumping deoxygenated blood to the lungs through the pulmonary artery.