(Ignore Income Taxes in This Problem

question 11

Multiple Choice

(Ignore income taxes in this problem.) A company wants to have $40,000 at the end of a five-year period through investment of a single sum now.How much needs to be invested in order to have the desired sum in five years,if the money can be invested at 10%:

• A) $10,551
• B) $8,000
• C) $24,840
• D) $12,882

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Definitions:

Sea Turtles

Marine reptiles belonging to the order Testudines, characterized by a bony or cartilaginous shell and spending most of their lives in the ocean, with some species endangered due to human activities.

Pollution

The introduction of contaminants into the natural environment causing adverse change.

Mass Transit

Public transportation systems that move large numbers of people efficiently across cities and surrounding areas.