Having Received a Large Inheritance, a Child's Parents Wish to Establish

question 71

Multiple Choice

Having received a large inheritance, a child's parents wish to establish a trust for the child's college education. If 5 year(s) from now they need an estimated $60,000, how much should they set aside in trust now, if they invest the money at the given rate of interest. 17.5% compounded quarterly _________
17) 5% compounded continuously _________

• A) $25,481.29, $25,170.27
• B) $25,170.27, $25,933.35
• C) $25,481.29, $25,011.72
• D) $25,011.72, $25,170.27

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Definitions:

Emotional Branding

A strategy in marketing that aims to build a brand connection with consumers through the evocation of emotions by relating the brand's values and identity to personal feelings and experiences.

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The practice of offering one’s time and services to assist others or a cause without the expectation of monetary reward.

Corporate Values

Fundamental beliefs or principles that guide an organization's actions, decisions, and interactions with stakeholders, shaping its culture and reputation.

Unique Selling Proposition

A branding principle that enables a brand to distinguish itself from its direct competitors (regardless of whether any unique quality actually exists).