Your Wealthy Aunt Wishes to Give You a Trip to Paris

question 6

Multiple Choice

Your wealthy aunt wishes to give you a trip to Paris when you graduate from college in three years.She estimates the trip will cost $4,000.How much must she invest now at 5% to accumulate enough for you to take this trip? Use Table PV-1.

• A)$3,287.72
• B)$3,456.00
• C)$4,499.44
• D)$3,161.24

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Definitions:

Interpersonal Therapy

A form of psychotherapy that focuses on improving interpersonal relationships and communication patterns to help resolve emotional distress.

Depression

A mental disorder marked by an enduring depressed state or a disinterest in usual activities, leading to significant challenges in routine life.

Behavioural

Relating to the observable actions of individuals and the ways in which these actions can be influenced or changed.

Cognitive

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.