You Want to Quit Your Job and Go Back to School

question 110

Multiple Choice

You want to quit your job and go back to school for a law degree 4 years from now,and you plan to save $3,500 per year,beginning immediately.You will make 4 deposits in an account that pays 5.7% interest.Under these assumptions,how much will you have 4 years from today?

• A)$16,112
• B)$16,918
• C)$17,763
• D)$18,652
• E)$19,584

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Definitions:

Football Team

A group of eleven players participating in the sport of football, organized to compete against other teams.

Stadium

A large, usually outdoor structure for sporting events and concerts, featuring seating for spectators.

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An economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services.

Dictator

A ruler with total power over a country, typically one who has obtained control by force and governs without the consent of those ruled.