If You Want to Have $10,000 in 10 Years,which of the Following

question 38

Multiple Choice

If you want to have $10,000 in 10 years,which of the following formulae represents how much money you must put in a savings account today? Assume that the savings account pays 6% and it is compounded monthly.

• A)10,000/(1 + .05)10
• B)10,000/(1 + .005)120
• C)10,000/(1 + .06)10
• D)10,000/(1 + .006)120

---

Definitions:

Sexist Comments

Remarks or statements that perpetuate stereotypes or display prejudice based on a person's gender.

Performance Pressure

The stress or anxiety felt to achieve or perform at high levels in various activities or roles.

Glass Ceiling

An invisible barrier that prevents certain individuals, particularly women and minorities, from advancing beyond a certain level in a hierarchy or profession.

Wage Gap

The disparity in earnings between different groups of people, often highlighting differences based on gender, race, or other demographic factors.