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:

Liberal Internationalism

A foreign policy doctrine that emphasizes international cooperation, the promotion of democracy, and the use of international institutions to achieve peace and prosperity.

Niagara Movement

An early 20th-century African American civil rights organization that sought to oppose racial segregation and disenfranchisement.

Dollar Diplomacy

A foreign policy strategy used by the United States to influence Latin American and East Asian countries through economic means rather than military coercion.

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Presidents who advocated for reforms to address inequities, corruption, and other societal problems during the Progressive Era in the early 20th century.