Your parents are planning to retire in Phoenix, AZ in 20 years. Currently, the typical house that pleases your parents costs $200,000,
but they expect inflation to increase the price of the house at a rate of 4% over the next 20 years. To buy a house upon retirement, what must they save each year in equal annual end-of-year deposits if they can earn 10% annually?
A) $21,910.00
B) $7,650.94
C) $10,000.00
D) $14,715.52
Answer: B
Business
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If you were constructing a 99% confidence interval of the population mean based on a sample of n = 25 where the standard deviation of the sample S = 0.05, the critical value of t will be
A) 2.7874. B) 2.4922. C) 2.4851. D) 2.7969.
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Not disclosing sensitive information is an example of which ethical standard?
A) Credibility B) Integrity C) Competence D) Confidentiality
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