Celesta Frank Wants to Go on a Cruise in Three

question 130

Multiple Choice

Celesta Frank wants to go on a cruise in three years. She could earn 8.2 percent compounded monthly in an account if she deposits the money today. She needs to have $10,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.)

• A) $6,432
• B) $7,826
• C) $8,148
• D) $7,763

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Definitions:

Tai Chi

A Chinese martial art known for its defense techniques and health benefits, emphasizing slow, flowing movements and deep breathing.

Qi Gong

A holistic system of coordinated body posture and movement, breathing, and meditation used for health, spirituality, and martial arts training.

Conventional Medicine

A system of medicine based on the diagnosis and treatment of diseases using drugs, surgery, and other traditional methods.

Alternative Treatments

Therapeutic practices that are not part of mainstream medical care, often used alongside conventional treatments or when standard therapies have not been effective.