You Are Saving Money to Buy a Car

question 46

Multiple Choice

You are saving money to buy a car.If you save $300 per month starting one month from now at an interest rate of 4%,how much will you be able to spend on the car after saving for 4 years?

• A)$41,778.96
• B)$15,287.27
• C)$15,587.88
• D)$13,286.65

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Definitions:

Validity

The extent to which a test or instrument measures what it is supposed to measure.

Predictive

Relating to the ability to foresee or anticipate future events or outcomes based on current data or trends.

Standardization

The process of developing and implementing technical standards to ensure consistency and compatibility between processes and products.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related measure.