You Would Like to Give Your Daughter $50,000 Towards Her

question 221

Multiple Choice

You would like to give your daughter $50,000 towards her college education 15 years from now. How much money must you set aside today for this purpose if you can earn 9% on your investments?

• A) $12,250.00
• B) $12,989.47
• C) $13,726.90
• D) $14,008.50
• E) $14,211.11

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