You Want to Send Your Grandchild to a Very Prestigious

question 31

Multiple Choice

You want to send your grandchild to a very prestigious university. You heard that a college education will cost $800,000 in 18 years. If you invest $10,000 at the end of each year, what IRR will you need in order to reach your goal of $800,000?

• A) 12.46%
• B) 13.65%
• C) 18.00%
• D) 15.52%

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Definitions:

Behavioral Symptom

Observable actions or reactions that are typically indicators of a mental or emotional condition or disorder.

Depression

A common mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Emotional Symptoms

Feelings or emotions that indicate a person's psychological state and can affect their behavior and thought processes, often associated with various mental health conditions.

Motivational Symptoms

Symptoms that affect a person's drive, desire, or motivation to engage in activities or pursue goals.