You Want to Go to Europe 5 Years from Now,and

question 67

Multiple Choice

You want to go to Europe 5 years from now,and you can save $3,100 per year,beginning 1 year from today.You plan to deposit the funds in a mutual fund that you expect to return 8.5% per year.Under these conditions,how much will you have just after you make the fifth deposit,5 years from now?

• A)$18,368.66
• B)$19,287.09
• C)$20,251.44
• D)$21,264.02

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Definitions:

Hard-Core Democrats

Individuals with strong allegiance to the Democratic Party in the United States, often supporting party policies and candidates unwaveringly.

Self-Serving Bias

A cognitive bias that involves people attributing success to their own abilities and efforts, but blaming external factors for their failures.

Personal Effort

The amount of work, energy, or dedication an individual puts into a task or goal.

Failures

Instances of not achieving a desired or intended objective, often marked by inefficiency or inability to perform.