Marshall Has Received an Inheritance and Wants to Invest a Sum

question 18

Multiple Choice

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,000 at the end of each of the next 10 years.Assuming he can earn an interest rate of 5% compounded annually,how much of his inheritance must he invest today? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$50,000.00
• B)$47,500.00
• C)$45,125.00
• D)$38,608.50
• E)$100,000.00

---

Definitions:

Depression

Depression is a common and serious mood disorder that affects a person's feelings, thoughts, and behaviors, potentially leading to various emotional and physical problems.

Primary Sex Characteristics

The parts of the body that are directly involved in reproduction, including the vagina, uterus, ovaries, testicles, and penis.

Pubic Hair

The hair that grows in the genital area during and after puberty as part of human development.

Adolescent Diet

The nutritional habits and food intake patterns typically observed during the teenage years, crucial for growth, development, and health maintenance.