Multiple Choice
Calculate how much you would need to invest now in order to fund a year of college twenty years from now, assuming a year of college costs $26,000 now and is inflating at 6%, and your investment will earn 10%. Assume continuous compounding.
A) $11,683
B) $3519
C) $7831
D) $57,864
Correct Answer:
Verified
Correct Answer:
Verified
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