You Want to Buy a New Plasma Television in 3

question 105

Multiple Choice

You want to buy a new plasma television in 3 years,when you think prices will have gone down to a more reasonable level.You anticipate that the television will cost you $2,500.If you can invest your money at 8% compounded monthly,how much do you need to put aside today?

• A) $1,895.37
• B) $1,968.14
• C) $1,984.58
• D) $2,158.42