You Want to Have $20,000 Saved in Five Years

question 28

Multiple Choice

You want to have $20,000 saved in five years.If you can earn 4.5 percent on your savings,what amount must you save each year if the amount you save each year is the same?

• A)$3,775.04
• B)$3,798.34
• C)$3,801.03
• D)$3,655.83
• E)$4,038.01

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Definitions:

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Postpartum Blues

A common, temporary emotional state of crying, sadness, and mood swings experienced by new mothers shortly after childbirth.