If You Want to Have $1,700 in Seven Years, How

question 79

Multiple Choice

If you want to have $1,700 in seven years, how much money must you put in a savings account today? Assume that the savings account pays 6% and it is compounded quarterly (round to the nearest $10) .

• A) $1,120
• B) $1,130
• C) $1,110
• D) $1,140

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Definitions:

Both Eyes

Refers to the use of binocular vision, where both eyes are used together to perceive depth and a wider field of view.

Horizontal Lines

Lines that run parallel to the horizon or ground level, often used in art and design to convey stability and calmness.

Vertical Lines

Lines that run up and down the page or canvas, often used in art and design to convey strength and stability.

Sensory Crossover

The phenomenon where stimulation of one sensory or cognitive pathway leads to automatic, involuntary experiences in a second sensory or cognitive pathway.