Alexis Want to Buy a House in 5 Years

question 128

Multiple Choice

Alexis want to buy a house in 5 years.She wants to save $75,000 over the next five years for a down payment.If she can earn an annual rate of 9% on her savings,how much must she deposit in equal payments at the end of each month for the next five years to reach her goal?

• A)$1,250
• B)$765.87
• C)$994.38
• D)$8,420.13

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Definitions:

Inherited Genes

Genetic material passed down from parents to offspring that influences characteristics and susceptibility to certain diseases.

Temperament

Temperament is a person's or animal's nature, especially as it permanently affects their behavior, involving aspects of their personality and emotional responses.

Secure Attachment

A stable and positive emotional bond between an infant and their caregiver, characterized by comfort and confidence in accessibility and responsiveness.

Imprinting

A form of learning occurring at a particular life stage that is rapid and apparently independent of the consequences of behavior, leading to a long-lasting behavioral response to a specific individual or object.