Judith Received the Proceeds from an Inheritance on March 25

question 77

Short Answer

Judith received the proceeds from an inheritance on March 25. She wants to set aside enough on March 26 so that she will have $20,000 available on October 1 to purchase a car when the new models are introduced. If the current interest rate on 181 to 270-day term deposits is 3.75%, what amount should she place in the term deposit?

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Definitions:

Conventional

Adhering to accepted standards and norms of behavior or thinking, often characterized by a lack of originality or willingness to change.

Realistic

Pertaining to the acceptance and representation of things as they are true to life or practical.

Specific Learning Disability

A type of neurodevelopmental disorder that affects a person's ability to learn a specific academic skill, such as reading, writing, or math, despite having normal intelligence.

Career Plans

The outline of professional goals and the steps needed to achieve them, often involving education, training, and milestones.