Steve Fisher Is Saving for a New Car

question 84

Multiple Choice

Steve Fisher is saving for a new car. He needs to have $ 21,000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target? (Round to nearest dollar.)

• A) $22,680
• B) $26,454
• C) $16,670
• D) $19,444

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Definitions:

Free Weights

Exercise equipment like dumbbells or barbells that are not attached to other devices, offering a wide range of motion for strength training.

Labile Surface

An unstable or changeable surface used in training and rehabilitation to improve balance and muscle strength.

Body-Weight Exercise

Exercises that use the weight of the body as resistance.

Isokinetic Training

A form of strength training using machines that ensure muscle contraction at a constant speed regardless of the force exertion.