You Have Set a $100,000 Goal for a College Fund

question 1

Multiple Choice

You have set a $100,000 goal for a college fund for your newborn child. You plan on having a fixed amount taken from your salary each month to meet this goal. The calculation to determine the monthly amount is called

• A) planning and budgeting.
• B) present value of an annuity.
• C) future value of an annuity.
• D) future value of a series of single payments.

---

Definitions:

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Exam Scores

Numerical or letter grades assigned to an individual's performance on academic tests.

Anthropologists

Scientists who study humans and their ancestors through various aspects such as societal development, culture, and physical characteristics.

Developmentalists

Researchers or professionals who study the patterns and processes of growth and change occurring throughout the human lifespan.