Suppose You Can Save $2,000 Per Year for the Next

question 28

Multiple Choice

Suppose you can save $2,000 per year for the next ten years in an account earning 7 percent per year. How much will you have at the end of the tenth year if you make the first deposit today?

• A)$34,187.75
• B)$29,567.20
• C)$31,217.36
• D)$27,364.15
• E)$18,364.25

---

Definitions:

Black Men

African American males, often confronting racial discrimination and disparities in various aspects of society, including employment, education, and the legal system.

Jubilee

A special anniversary of an event, particularly in the context of a 50th anniversary, but can also refer to biblical origins where it denotes a year of emancipation and restoration.

Civil War Veterans

Individuals who served in the military during the American Civil War, which took place from 1861 to 1865, impacting the country's history profoundly.

Freedman's Bureau

A U.S. federal agency established in 1865 to aid freed slaves in the South during the Reconstruction era following the Civil War.