Multiple Choice
You would like to give your daughter $50,000 towards her college education sixteen years from now. How much money must you set aside today for this purpose if you can earn 7.8% on your funds?
A) $14,775.50
B) $15,033.84
C) $15,250.00
D) $16,245.33
E) $16,909.13
Correct Answer:
Verified
Correct Answer:
Verified
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