Use estimation to select the best response. Do not calculate.
In order to retire and live on the interest only, what is a reasonable amount to have in the bank?
$ __________ (10,000; 300; 500,000; impossible to estimate)
Correct Answer:
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Q120: Karen and Wayne need to buy a
Q121: Find the present value, using the present
Q122: Calculate the amount of simple interest earned.
$2,000
Q123: Find the future value, using the future
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Q128: Calculate the time necessary to achieve the
Q130: Use estimation to select the best response.
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