Isaac Only Has $690 Today but Needs $800 to Buy

question 43

Multiple Choice

Isaac only has $690 today but needs $800 to buy a new laptop.How long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?

• A)2.29 years
• B)2.48 years
• C)2.51 years
• D)2.77 years
• E)2.81 years

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Definitions:

Neurons

Specialized cells in the nervous system that convey information to other neurons, muscles, or glands.

Acetylcholine

A neurotransmitter involved in many functions including muscle movement, heart rate, memory, and learning, playing a key role in the brain and body's nervous systems.

Catecholamines

Organic compounds that act as neurotransmitters or hormones, such as adrenaline and dopamine, involved in bodily responses to stress.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body.