Over the Next Three Years,Marti Plans to Save $2,000,$2,500,and $3,000,respectively,starting

question 76

Multiple Choice

Over the next three years,Marti plans to save $2,000,$2,500,and $3,000,respectively,starting one year from today.You want to have as much money as Marti does three years from now but you plan to make one lump sum investment today.What amount must you save today if you both earn 4.65 annually?

• A)$6,811.50
• B)$6,791.42
• C)$7,128.23
• D)$6,607.23
• E)$7,500.00

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Definitions:

Entrepreneur

An individual who organizes, operates, and assumes the risk for a business venture, often innovating and creating new ways of doing business.

Career Forward

The advancement or progressive development of an individual's career path.

Self-management

This concept involves individuals taking responsibility for their own behavior and well-being, including setting goals and managing time and emotions.

Productivity

The metric for assessing how effectively a person, machine, or system transforms inputs into valuable outputs.