Multiple Choice
You would like to give your daughter $40,000 towards her college education thirteen years from now. How much money must you set aside today for this purpose if you can earn 6.3% on your funds?
A) $17,750.00
B) $17,989.28
C) $18,077.05
D) $18,213.69
E) $18,395.00
Correct Answer:
Verified
Correct Answer:
Verified
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