You Want to Travel to Europe to Visit Relatives When

question 62

Multiple Choice

You want to travel to Europe to visit relatives when you graduate from college three years from now.The trip is expected to cost a total of $10,000 at that time.Your parents have deposited $5,000 for you in a CD paying 6% interest annually,maturing three years from now.Aunt Hilda has agreed to finance the balance.If you are going to put Aunt Hilda's gift in an investment earning 10% over the next three years,how much must she deposit now,so you can visit your relatives at the end of three years?

• A) $3,757
• B) $3,039
• C) $5,801
• D) $3,345

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Definitions:

Behavior Cause

The underlying reasons or motivations that drive the actions or reactions of an individual or organism.

Laboratory Observation

A research method involving the detailed study of behavior in a controlled setting, allowing for precise measurement and control of variables.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Inferential Statistical Analyses

A branch of statistics that allows researchers to make predictions or inferences about a population based on a sample of data.