If You Want to Have $10 000 for a Down

question 52

Multiple Choice

If you want to have $10 000 for a down payment on a new car in three years' time,assuming an interest rate of 4.5 percent compounded annually,how much money do you need to deposit as a lump sum today?

• A)$8650
• B)$8712
• C)$8112
• D)$8763

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Definitions:

Infectious Disease

Diseases caused by pathogens such as bacteria, viruses, fungi, or parasites that can be spread, directly or indirectly, from one person to another.

Social Contacts

Interactions between individuals in a society which form the basis of social relationships and structures.

Network Analysis

A methodological approach in social science that studies the structures of relationships between actors, such as individuals or organizations, through the use of networks and graph theories.

Social Relationships

Connections between individuals in a society, shaped by social structures and personal interactions.