Juan Vinson Is Planning to Buy a House in Five

question 16

Multiple Choice

Juan Vinson is planning to buy a house in five years. He is looking to invest $25,000 today in an index mutual fund that will provide him a return of 12 percent annually. How much will he have at the end of five years? (Round to the nearest dollar.)

• A) $45,000
• B) $28,000
• C) $44,059
• D) $28,530

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Definitions:

Movement Disorders

Medical conditions that affect the speed, fluency, quality, and ease of movement.

Schizophrenics

Individuals diagnosed with schizophrenia, a mental disorder characterized by disturbances in thought, perception, and behavior.

Hallucinations

Sensory perceptions that appear to be real but are created by the mind, without an external stimulus, often seen in psychiatric conditions.

Sounds

Acoustic waves that propagate through air or another medium, which can be perceived when they make contact with an individual's or an animal's ear.