James Just Received an $8,000 Inheritance Check from the Estate

question 7

Multiple Choice

James just received an $8,000 inheritance check from the estate of his deceased rich uncle. James wants to set aside enough money to pay for a trip in five years. If the trip is expected to cost $5,000, how much of the $8,000 must James deposit now if the rate of return is 12% per year in order to have the $5,000 in five years?

• A)$2,535
• B)$2,835
• C)$2,000
• D)$5,000

---

Definitions:

Programmed Theories

theories suggesting aging is genetically programmed within the body, implying that aging follows a biological timetable.

Cross-Linking

A process where molecules join together by forming covalent bonds between different chains, often causing the materials to strengthen or harden, used in various fields including chemistry and biology.

Sleep Problems

Issues related to sleeping, such as insomnia, sleep apnea, or irregular sleep patterns, which can impact overall health and well-being.

Psychological Disorders

Mental disorders that significantly affect how a person feels, thinks, behaves, and interacts with others, often diagnosed according to standard criteria.