Colin Would Like to Send Her Parents on a Cruise

question 148

Multiple Choice

Colin would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise?

• A) $1,862
• B) $2,457
• C) $3,000
• D) $2,234

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Definitions:

Project Debriefing

A meeting or report summarizing the outcomes, challenges, and lessons learned upon the completion of a project.

Content Writing

The creation and sharing of online material, such as blogs, social media posts, and videos, aimed at stimulating interest in a brand or product.

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A Harmonizer in a team or group context seeks to reduce conflict and enhance cooperation among members, ensuring smoother interactions and progress.

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