You Want to Quit Your Job and Go Back to School

question 99

Multiple Choice

You want to quit your job and go back to school for a law degree 4 years from now,and you plan to save $2,100 per year,beginning immediately.You will make 4 deposits in an account that pays 5.7% interest.Under these assumptions,how much will you have 4 years from today?

• A) $10,633.92
• B) $10,730.59
• C) $8,700.48
• D) $9,667.20
• E) $8,507.13

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Definitions:

Percentage

A fraction or ratio expressed as a part of 100, used to compare quantities or express proportions.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke.

Weight Gain

The increase in body weight over a period of time, which can result from a variety of factors including diet, exercise, and underlying health conditions.

Early Adulthood

A stage of human development that occurs roughly between the ages of 18 to 25, marked by increased independence and responsibility.