Multiple Choice
Angela has just received an insurance settlement of $22,500.She wants to save this money until her daughter goes to college.If she can earn an average of 4.7 percent,compounded annually,how much will she have saved when her daughter enters college 6 years from now?
A) $30,106.14
B) $30,929.02
C) $31,374.89
D) $29,875.06
E) $29,638.94
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Computing the present value of a future
Q11: Which one of the following is a
Q16: Suppose that in 2015, a $10 silver
Q26: Ben invested $7,500 twenty years ago with
Q30: You have been told that you need
Q38: Today, Charity wants to invest less than
Q39: How long will it take to double
Q50: Rob wants to invest $15,000 for 7
Q60: Sixty years ago, your grandparents opened two
Q61: You expect to receive $5,000 at graduation