You Would Like to Give Your Child $100,000 to Start

Multiple Choice

You would like to give your child $100,000 to start a career 25 years from now. How much money must you set aside today for this purpose if you can earn 7.5 percent on your investments?

A) $15,388.19
B) $16,397.91
C) $16,817.67
D) $15,911.13
E) $17,488.37