Viviana Carroll Needs to Have $25,000 in Five Years

question 98

Multiple Choice

Viviana Carroll needs to have $25,000 in five years. If she can earn 8 percent on any investment, what is the amount that she will have to invest every year at the end of each year for the next five years? (Round to the nearest dollar.)

• A) $5,000
• B) $4,261
• C) $4,640
• D) $4,445

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Definitions:

Taiwanese Chinese

Referring to the ethnic Chinese population from Taiwan, highlighting their unique cultural and social identity.

Interpersonal Intelligence

The ability to understand and interact effectively with others, involving sensitivity to the moods, feelings, temperaments, and motivations of people.

Gardner's Intelligence

The theory proposed by Howard Gardner that suggests human intelligence is comprised of multiple distinct dimensions rather than a single ability.

Savants

Individuals who demonstrate exceptional abilities or skills in a specific area despite having developmental conditions, such as autism spectrum disorder.