The Purchasing Power P (In Dollars) of an Annual Amount

question 12

Multiple Choice

The purchasing power P (in dollars) of an annual amount of A dollars after t years of 4% inflation decays according to . Determine how large a pension A needs to be so that the purchasing power P is $70,000 after 25 years? Round your answer to the nearest dollar. ​

• A) $260,683
• B) $190,280
• C) $115,410
• D) $156,191
• E) $95,141

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Medications prescribed to reduce or manage anxiety symptoms.

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A mental or emotional strain, a feeling of nervousness that makes it hard to relax.

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Fearful anticipation or worry, especially about future events or situations.

Nervousness

A feeling of anxiety or apprehension about a future event.