What Amount Must Be Deposited Today at 10% to Grow

question 42

Multiple Choice

What amount must be deposited today at 10% to grow to $8 000 in three years?

• A) $3 216.86
• B) $7 272.80
• C) $6 010.40
• D) $8 000.00

---

Definitions:

Complete Explanation

An exhaustive description or clarification that leaves no aspect of the subject matter unaddressed.

Congressman

A member of the United States Congress, which is the legislative body of the country, including both the Senate and the House of Representatives.

Stem Cell

A cell with the unique ability to develop into specialized cell types in the body; used in medical research with the potential to treat various diseases.

Explanandum

The phenomenon or event that is to be explained in scientific and philosophical inquiries.