How Much Must Be Saved at the End of Each

question 107

Multiple Choice

How much must be saved at the end of each year for the next 10 years in order to accumulate $50,000,if you can earn 9% annually? Assume you contribute the same amount to your savings every year.

• A) $3,291.00
• B) $3,587.87
• C) $4,500.33
• D) $4,587.79

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Definitions:

Deviant Behavior

Acts that diverge from accepted social standards and norms.

American Dream

The belief that everyone in the United States has the chance to be successful and happy if they work hard.

Violent Crime

Criminal activities that involve the use of force or threat of force against others.

Property Crime

Crimes involving the theft of property without direct harm to the victim, such as burglary, larceny, theft, motor vehicle theft, and arson.