A Particular College Requires Students to Live on Campus During

question 31

Multiple Choice

A particular college requires students to live on campus during their first two years to help foster a sense of community among diverse groups.This

• A)is illegal in most states.
• B)serves a latent function of education.
• C)serves a manifest function of education.
• D)is an attempt to re-socialize improper behavior.

Apply the concept of present value in determining the amount of periodic payments or contributions.

Use financial formulas to calculate the amount of interest paid over the life of a loan.

Plan financial goals such as saving for education, purchasing a home, or preparing for retirement by calculating necessary contributions.

Understand the factors affecting the accumulation and depletion of savings and investments over time.