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

question 46

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 6 percent per year.How much money will you have 7 years from now?

• A)$38,909.19
• B)$39,381.16
• C)$40,146.77
• D)$47,209.19
• E)$51,414.73

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Definitions:

Common Good Approach

A principle suggesting actions should be based on the welfare and interests of the majority or community as a whole, rather than individual gains.

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A collection of digital records, including personal data, preferences, and activities, accumulated over time by various sources.

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The highest judicial body in a country, typically with the ultimate authority to adjudicate legal disputes, interpret laws, and in some cases, review constitutional amendments.

Aadhaar

A unique 12-digit number provided by the Indian government to its residents, reflecting their demographic and biometric information.