John Mason Decided to Save $2,250 at the End of Each

question 57

Multiple Choice

John Mason decided to save $2,250 at the end of each of the next three years to pay for a vacation. If he invests it at 8 percent, how much will he have at the end of three years? (Round to the nearest dollar.)

• A) $7,304
• B) $7,403
• C) $6,297
• D) $7,010

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Definitions:

Picked Up

A phrase indicating that something has been lifted off a surface or that interest, intensity, or pace has increased.

Contaminant Transport

The movement of chemical substances or pollutants through the environment, affecting air, water, and soil quality.

Vegetated Zone

Areas covered with plants including grasses, trees, and shrubs, often key in preventing erosion and providing habitat.

Adsorption

The process by which atoms, ions, or molecules from a substance (it could be a gas, liquid, or dissolved solid) adhere to a surface of another substance.