Multiple Choice
Assume the total expense for your current year in college equals $20,000.How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $952.46
B) $1,600.00
C) $1,728.08
D) $3,973.11
Correct Answer:
Verified
Correct Answer:
Verified
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