Kevin Robertson Would Like to Buy a Condo in Florida

question 12

Multiple Choice

Kevin Robertson would like to buy a condo in Florida in six years. He is looking to invest $75,000 today in a stock that is expected to earn a return of 18.3 percent annually. How much will he have at the end of six years? (Round to the nearest dollar.)

• A) $205,575
• B) $157,350
• C) $184,681
• D) $273,620

---

Definitions:

Great Depression

A severe worldwide economic downturn that took place mostly during the 1930s, starting in the United States following the stock market crash of 1929 and leading to widespread unemployment, severe deflation, and significant declines in economic output.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, best known for his leadership during the early years of the Great Depression.

Division Of Labor

The provision of specialized jobs.

Moving Assembly Line

A moving assembly line is a manufacturing process that involves the assembly of products in a sequential manner, with the workpiece moving along a line of stationary workers or machines.