Use the Information for the Question(s)below

question 52

Multiple Choice

Use the information for the question(s) below.
Suppose that a young couple has just had their first baby,a daughter,and they wish to ensure that enough money will be available to pay for her college education.Currently,college tuition,books,fees,and other costs,average $12,500 per year.On average,tuition and other costs have historically increased at a rate of 4% per year.
-Assuming that costs continue to increase an average of 4% per year,tuition and other costs for one year for this student in 18 years when she enters college will be closest to:

• A)$12,500.
• B)$21,500.
• C)$320,568.
• D)$25,323.

---

Definitions:

Hedonism

A philosophy that argues pleasure or happiness is the highest good and ultimate aim in life.

Pursuit

The act of following or chasing with the goal of catching or achieving something.

Structural Racism

A system in which public policies, institutional practices, cultural representations, and other norms work in various, often reinforcing ways to perpetuate racial group inequity.

Institutional Racism

Discrimination embedded within the policies, practices, and economic and political structures of a society, disproportionately affecting minority groups.