You Want to Buy a New Plasma Television in 3

question 54

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

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Definitions:

False Alternative

A logical fallacy that occurs when an argument presents a limited set of options as if they are the only possibilities when, in fact, more options exist.

Fallacy

An incorrect argument in logic and rhetoric resulting in a lack of validity, or more generally, an error in reasoning.

Lemon Trees

Perennial plants known for producing lemons, characterized by their citrus fruit and aromatic leaves.

Post Hoc

A logical fallacy that implies a cause and effect relationship simply because one event follows another in time.