How Much Money Do You Need Today in Order to Have

question 78

Multiple Choice

How much money do you need today in order to have $3000 in 21 months time,if interest is compounded continuously at 9%?

• A)$2741.79
• B)$2564.34
• C)$2562.83
• D)$453.22

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Definitions:

Congress

The national legislative body of a country, particularly referring to the United States Congress, which is made up of the House of Representatives and the Senate.

Civil Disobedience

The act of not obeying specific laws or avoiding the payment of taxes and penalties as a non-violent method of expressing political dissent.

Legal Limits

The boundaries established by law, beyond which actions are deemed illegal or unauthorized.

Thoreau

Henry David Thoreau, an American essayist, poet, and philosopher known for his writings on natural history and philosophy, including "Walden."