Celesta Frank Wants to Go on a Cruise in Three

question 23

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 were to deposit 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

---

Definitions:

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Pretest

An evaluation or test conducted prior to launching a marketing campaign or product, used to gauge effectiveness or potential improvements.

Survey Questions

Designed queries or statements intended to gather information from respondents for research or feedback purposes.

Secondary Data

Information that has been previously collected for other purposes, but is being utilized for a current research project or analysis.