You Want to Have $40,000 for a Down Payment on a House

question 52

Multiple Choice

You want to have $40,000 for a down payment on a house 4 years from now.If you can earn 5.6 percent,compounded annually on your savings,how much do you need to deposit today to reach your goal?

• A)$32,166.54
• B)$34,420.73
• C)$27,880.69
• D)$28,211.17
• E)$30,886.40

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Definitions:

Anisotropic Band

A region within myofibrils of skeletal muscle cells that appears darker under a microscope due to the presence of thick myosin filaments.

Neuromuscular Junction

The neuromuscular junction is a synapse between a motor neuron and the muscle fiber it innervates, facilitating muscle contraction.

Synaptic Vesicles

Small sacs within axon terminals that store neurotransmitters, which are released into the synaptic cleft during synaptic transmission.

Synaptic Cleft

The narrow gap between the presynaptic and postsynaptic neurons into which neurotransmitters are released to convey impulses across the synapse.