You Want to Have $100,000 in Five Years

question 122

Multiple Choice

You want to have $100,000 in five years.If the interest rate is 8 percent,about how much do you need to have today?

• A)$66,225.25
• B)$67,556.42
• C)$68,058.32
• D)$71,428.57

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Definitions:

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby while removing waste products.

Pregnancy

The condition of having a developing embryo or fetus in the uterus, marked by various physical and hormonal changes.

Hormones

Chemical messengers produced by the endocrine glands that regulate bodily functions and processes.

Trophoblast

A layer of cells surrounding the blastocyst in early pregnancy, that provides nutrients to the embryo and develops into a large part of the placenta.