MrBlochirt Is Creating a University Investment Fund for His Daughter

question 46

Multiple Choice

Mr.Blochirt is creating a university investment fund for his daughter.He will put in $850 per year at the end of each year for the next 15 years and expects to earn an 8% annual rate of return.How much money will his daughter have when she starts university?

• A) $11,250
• B) $12,263
• C) $24,003
• D) $23,079

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Definitions:

Red Scare

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Prejudice, discrimination, or hostility directed against Jews as a religious, ethnic, or racial group.

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