You Want to Open a Sushi Bar 3 Years from Now

question 104

Multiple Choice

You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately.You will make 3 deposits in an account that pays 5.2% interest.Under these assumptions, how much will you have 3 years from today?

• A) $20,993
• B) $22,098
• C) $23,261
• D) $24,424
• E) $25,645

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Definitions:

Proposal

A detailed plan or offer put forward for consideration or acceptance by others, typically in a professional context.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Introduction

The initial section of a document, presentation, or work, meant to give an overview or background context.

Investigation

refers to a systematic and detailed examination or inquiry aimed at uncovering facts or information about a particular subject or event.