You Would Like to Give Your Daughter $50,000 Towards Her

question 232

Multiple Choice

You would like to give your daughter $50,000 towards her college education sixteen years from now. How much money must you set aside today for this purpose if you can earn 7.8% on your
Funds?

• A) $14,775.50
• B) $15,033.84
• C) $15,250.00
• D) $16,245.33
• E) $16,909.13

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Definitions:

Thiazolidinediones

A class of medications used to lower blood sugar levels in the treatment of type 2 diabetes by increasing insulin sensitivity.

Pineal Body

A small endocrine gland attached to the posterior part of the third ventricle of the brain.

Finger Stick

A method of drawing a small amount of blood from the fingertip, often used for quick tests or blood sugar monitoring.

Glucose Level

The amount of glucose or sugar present in the blood, crucial for diagnosing and managing diabetes.