You Are Trying to Accumulate $2,000 at the End of 5

question 66

Multiple Choice

You are trying to accumulate $2,000 at the end of 5 years by contributing a fixed amount at the end of each year.You initially decide to contribute $300 per year but find that you are coming up short of the $2,000 goal.What could you do to increase the value of the investment at the end of year 5?

• A) invest in an investment that has a lower rate of return.
• B) invest in an investment that has a higher rate of return.
• C) make a sixth year contribution.
• D) contribute a smaller amount each year.

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Definitions:

Patient-Controlled Analgesia

A method of pain management that allows patients to self-administer analgesics, often using a computerized pump.

Overdosing

The act of taking a higher dose of a substance than is recommended or safe, which can lead to severe health risks or death.

Pain Medication

Drugs used to alleviate discomfort and pain; can range from over-the-counter options to prescription painkillers.

Opioid Fentanyl Patch

A transdermal patch that delivers the potent opioid analgesic fentanyl through the skin, used in managing severe chronic pain.