Anthony Driver Wants to Buy a New Car in 4

question 49

Multiple Choice

Anthony Driver wants to buy a new car in 4 years.He knows that he can earn 6% interest compounded semi-annually.How much must he deposit now in order to have $26,000 at the end of 4 years?

• A)$21,390.20.
• B)$20,524.66.
• C)$38,413.96.
• D)$31.603.26.

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Definitions:

Id

The Id is a concept in psychoanalytic theory referring to the part of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Ego

Part of Sigmund Freud's model of the psyche, the ego represents the realistic part that mediates between the desires of the id, the demands of the environment, and the moral standards of the superego.

Superego

A component of Sigmund Freud's psychoanalytic theory representing the ethical or moral self, which contains societal standards, ideals, and prohibitions.

Defence Mechanism

Psychological strategies employed by the unconscious mind to protect itself from anxiety by distorting reality.