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Lucy and Fred Want to Begin Saving for Their Baby's

question 11

Multiple Choice

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $100,000 in eighteen years. If they are able to earn 5% per annum, how much must be deposited at the end of each of the next eighteen years to fund the education?

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Definitions:

Ejection Phase

This is the part of the cardiac cycle during which the ventricles contract and pump blood out into the arteries.

Left Ventricle

The heart's compartment that takes in blood rich in oxygen from the left atrium and then pushes it through the aorta to circulate around the body.

Pulmonary Trunk

A major blood vessel of the human heart that originates from the right ventricle and splits into the left and right pulmonary arteries, which transport deoxygenated blood to the lungs.

Right Ventricle

One of the four chambers of the heart, responsible for pumping deoxygenated blood to the lungs through the pulmonary artery.

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