Use the Following Information for Questions

question 10

Multiple Choice

Use the following information for questions
Mary needs $145,000 in 15 years to buy her son a new Ferrari. Assume that she can earn an 8% after-tax return on her investment. You may ignore inflation in these calculations.
-How much ignore cents) will Mary need to invest today?

• A) $5,340
• B) $459,965
• C) $45,710
• D) $47,401
• E) None of the above. No one should own a Ferrari.

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Definitions:

Visual Agnosia

A neurological disorder characterized by the inability to recognize or understand visual information despite having normal eyesight.

Broca's Area

An area located in the dominant hemisphere's frontal lobe of the brain, associated with the production of speech.

Right Parietal

Pertaining to the right side of the parietal lobe in the brain, which is involved in processing sensory information and spatial orientation.

Electrode

A medium that allows electricity to enter or exit an object, substance, or area.