Multiple Choice
Solve the problem.
-The average cost of a 4-year college education is projected to be $120,000 in 15 years. How much money should be invested now at 7.5%, compounded quarterly, to provide $120,000 in 15 years?
A) $39,366.24
B) $12,914.17
C) $90,816.95
D) $120,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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