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:

Grants Job

Positions or roles related to the management, acquisition, or distribution of grant funds, often in non-profit, educational, or governmental sectors.

Workers' Compensation Laws

Laws designed to provide financial compensation to employees who are injured or become ill as a direct result of their job.

Contributorily Negligent

A legal doctrine under which an injured party's own negligence contributing to their injury reduces or eliminates their ability to recover damages.

Employer

An individual or organization that hires and pays people to work for them under an expressed or implied contract of employment.