Solve the Problem. -The Average Cost of a 4-Year College Education Is Projected

question 135

Multiple Choice

Solve the problem.
-The average cost of a 4-year college education is projected to be $120,000 in 15 years. How much money should be invested now at 7.5%, compounded quarterly, to provide $120,000 in 15 years?

• A)$39,366.24
• B)$12,914.17
• C)$90,816.95
• D)$120,000.00

---

Definitions:

Organizational Culture

A firm’s shared values, beliefs, traditions, philosophies, rules, and role models for behavior.

Specialization

The process of focusing on a narrow area of knowledge or skill, often to improve efficiency and effectiveness in work or study.