You Would Like to Give Your Daughter $40,000 Towards Her

question 43

Multiple Choice

You would like to give your daughter $40,000 towards her college education thirteen years from now. How much money must you set aside today for this purpose if you can earn 6.3% on your
Funds?

• A) $17,750.00
• B) $17,989.28
• C) $18,077.05
• D) $18,213.69
• E) $18,395.00

---

Definitions:

Public Relations

is the practice of managing and guiding perceptions of a company or individual by the public, aiming to maintain a positive image.

Mobile Marketing

Marketing activities that use mobile devices, such as smartphones and tablets, as the medium to reach consumers.

Text Message

A form of electronic communication sent and received over a phone network, typically consisting of short messages.

Sales Promotions

Short-term incentives aimed at encouraging the purchase or sale of a product or service.