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

Recognize the role of cognitive development in moral reasoning.

Understand the development of judgment and impulse control during adolescence.

Understand the limitations and critiques of traditional sexual response cycle models.

Recognize the importance of intimacy and other non-physical motivators for sexual activity.

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Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, defining a range within which the true population parameter is expected to lie with a certain level of confidence.

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A measure of the amount of variance or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results.