Harlan Fuller Needs $2,000 in 7 Years

question 87

Multiple Choice

Harlan Fuller needs $2,000 in 7 years. What amount must he invest in a 6% savings bond?

• A)$1,425.98
• B)$1,330.12
• C)$9,533.08
• D)$8,200.40

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Definitions:

Moving Average Method

A statistical technique used to analyze time series data by creating a series of averages of different subsets of the full data set.

Forecasting

The process of making predictions of the future based on past and present data.

Indicators

Measures or signals used to assess current conditions or to forecast financial or economic trends.

Indexes

Statistical composite measures that track changes in economic conditions or markets, made up of selected data points from various sources.