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Al,Ralph,and Stan Are All Intending to Retire

question 179

Multiple Choice

Al,Ralph,and Stan are all intending to retire.Each currently has $1 million in assets.Al will earn 16% interest and retire in two years.Ralph will earn 8% interest and retire in four years.Stan will earn 4% interest and retire in eight years.Who will have the largest sum when he retires?


Definitions:

Interstitial Fluid

The fluid that fills the spaces between cells in tissues, serving as a means of transporting nutrients and wastes.

Blood Plasma

The liquid component of blood that carries cells and proteins throughout the body, comprising about 55% of total blood volume.

Cells

The basic structural, functional, and biological units of all living organisms, serving as the building blocks of life.

Excretion

The process by which living organisms remove waste products of metabolism and other non-useful materials from their bodies.

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