If You Want to Have $90 in Four Years, How

question 72

Multiple Choice

If you want to have $90 in four years, how much money must you put in a savings account today? Assume that the savings account pays 8.5% and it is compounded monthly (round to the nearest $1) .

• A) $64
• B) $65
• C) $66
• D) $71

---

Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Educational Opportunities

The access and availability of options for learning and education available to individuals within a community or society.

Technological Change

Innovation or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.

Trade Liberalization

The removal or reduction of trade barriers, such as tariffs and quotas, to encourage the free flow of goods and services between countries.