(Appendix 8A)(Ignore Income Taxes in This Problem

question 6

Multiple Choice

(Appendix 8A) (Ignore income taxes in this problem. ) 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

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Definitions:

MCR Instructions

Instructions within programmable logic controllers that define the start and end of a Master Control Reset, affecting how certain program blocks execute.

Conditional MCR Output

This refers to a specific condition under which a Master Control Reset (MCR) output in a Programmable Logic Controller (PLC) system acts, affecting the operation of connected devices or circuits.

Frictional Unemployment

Temporary unemployment experienced by individuals transitioning between jobs or entering the workforce.

Economy Changing

Refers to the dynamics and shifts occurring over time within an economic system, affecting growth, employment, and resources distribution.