Dr J Wants to Buy a Dell Computer That Will Cost

question 27

Multiple Choice

Dr. J. wants to buy a Dell computer that will cost $3,000 three years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn an 8% annual return. How much should he set aside beginning a year from now?

• A)$879
• B)$627
• C)$924
• D)$1,243

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Definitions:

Fetal Period

The period in prenatal development from nine weeks after conception until birth, when the brain continues developing, bodily structures are refined, and the fetus grows in length and weight and accumulates fat in preparation for birth.

Germinal Period

The initial two weeks of prenatal development following conception, characterized by rapid cell division and attachment to the uterine wall.

Embryonic Period

The stage of prenatal development from approximately the second to the eighth week after fertilization, during which major organs and structures within the embryo begin to develop.

Lungs

The pair of respiratory organs in the chest of humans and many animals, responsible for the exchange of oxygen and carbon dioxide.