Multiple Choice
Solve the problem.
-The average cost of a 4-year college education is projected to be $100,000 in 15 years. How much Money should be invested now at 3.5%, compounded quarterly, to provide $100,000 in 15 years?
A) $59,290.78
B) $35,153.96
C) $100,000.00
D) $87,749.93
Correct Answer:
Verified
Correct Answer:
Verified
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