Sara Wants to Have $500,000 in Her Savings Account When

question 4

Multiple Choice

Sara wants to have $500,000 in her savings account when she retires.How much must she put in the account now,if the account pays a fixed interest rate of 8%,to ensure that she has $500,000 in 20 years' time?

• A)$107,274
• B)$144,616
• C)$180,884
• D)$231,480

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Definitions:

Temperature

The degree of internal heat of an object or organism, often measured in degrees Celsius or Fahrenheit, indicative of the state of being hot or cold.

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A condition characterized by the frequent passage of loose or watery stools, often a sign of infection or digestive issue.

Moaning

A long, low sound made by a person expressing physical or mental suffering or sexual pleasure.

Metabolic Acidosis

Abnormal condition of high hydrogen ion concentration in the extracellular fluid caused by either a primary increase in hydrogen ions or a decrease in bicarbonate.