Use This Information to Answer the Following Question If an Accumulation of $6,000 Is Desired at the End

question 45

Multiple Choice

Use this information to answer the following question. $$\begin{array} { | c | c | c | } \hline \text { Periods } & \text { Future Value af } 11 \text { at } 12 \text { Percent } & \text { Future Value af Ordinary Annuity of } \\& & \text { \$1 at } 12 \text { Percent } \\\hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array}$$ If an accumulation of $6,000 is desired at the end of three years,what amount must be deposited at the end of each of the three years?

• A) $1,778.30
• B) $20,244.00
• C) $4,270.46
• D) $8,430.00

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Definitions:

Sufficiency Revolution

A paradigm shift towards valuing enough over excess, emphasizing sustainable living and resource use.

Energy Conservation

The practice of reducing the consumption of energy resources by using less of an energy service.

Environmental Literacy

The understanding of environmental concepts, issues, and data to make informed decisions regarding the environment.

Ecosystem Connections

Describes the interdependencies between living organisms, including plants, animals, and microbes, and their physical environment.