You Want to Open a Sushi Bar 3 Years from Now

question 104

Multiple Choice

You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately.You will make 3 deposits in an account that pays 5.2% interest.Under these assumptions, how much will you have 3 years from today?

• A) $20,993
• B) $22,098
• C) $23,261
• D) $24,424
• E) $25,645

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Definitions:

Compulsion

An irresistible urge to perform an irrational or a seemingly unnecessary act, often repetitively, driven by anxiety or stress.

Alcohol Wipes

Pre-moistened towelettes soaked in alcohol, commonly used for cleaning or disinfecting surfaces as well as skin areas before injections.

Acute Stress

A short-term form of stress that arises in response to immediate perceived threats or challenges.

Tornado

A rapidly rotating column of air that is in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.