Three Years from Now, Ari Will Purchase a Laptop Computer

question 85

Multiple Choice

Three years from now, Ari will purchase a laptop computer that will cost $2250.Assume that Ari can earn 6.25% (compounded monthly) on her money.How much should she set aside today for the purchase? Round off to the nearest $1.

• A)$1250
• B)$900
• C)$1866
• D)$3775

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Definitions:

Social Clock

The societal norms and expectations that dictate the appropriate timing for major life events, such as marriage, parenthood, and retirement.

Rapidly Growing Company

A business experiencing a faster than average increase in its sales, revenues, or market size, often indicating successful performance and expansion.

Ego-Resilient Adult

Refers to an individual's ability to adapt to stress and adversity while maintaining their psychological well-being.

Social Awkwardness

Discomfort or ineptitude in social situations, often marked by an inability to interact fluently or appropriately with others.