Answer the Question. -You Intend to Create a College Fund for Your Baby

question 2

Multiple Choice

Answer the question.
-You intend to create a college fund for your baby. If you can get an APR of 4.0% and want the fund to have a value of $128,366 after 17 years, how much should you deposit monthly?

• A)$484.41
• B)$374.31
• C)$7351.59
• D)$440.37

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Definitions:

Individual Differences

Variations among individuals on a variety of psychological traits, abilities, and behaviors.

Cross-Cultural Research

The comparative study of cultural differences and similarities.

Brain-Wave Activity

The patterns of neuronal electrical activity in the brain, measurable with EEG, associated with different states of consciousness, like sleep, wakefulness, and meditation.

Genetics

The study of heredity and the variation of inherited characteristics.