Use This Information to Answer the Following Question What Amount Must Be Deposited Today to Grow to $450

question 61

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Present Value of } \$ 1 \text { at } 7 \text { Percent } & \begin{array}{c}\text { Present Value of Ordinary Annuity of } \$ 1 \\\text { at } 7 \text { Percent }\end{array} \\\hline 1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}$ What amount must be deposited today to grow to $450 in three years?

• A) $331.00
• B) $367.20
• C) $171.49
• D) $420.75

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Definitions:

Appendicular Skeleton

The portion of the skeletal system that includes the limbs and the girdles (shoulder bones and pelvic bones) that connect them to the axial skeleton.

Pectoral Girdle

The structure that attaches the arms to the axial skeleton.

Pelvic Girdle

The structure that attaches the legs to the axial skeleton.

Second Cervical Vertebra

Also known as the axis, it is a bone in the neck that allows the head to rotate.