Laura Diane Is Creating a University Investment Fund for Her

question 50

Multiple Choice

Laura Diane is creating a university investment fund for her son Leland.She will put in $71.00 per month at the end of each month for the next 15 years and expects to earn an 8% annual rate of return,compounded monthly.How much money will Leland have when he starts university?

• A) $28,052.38
• B) $12,780.00
• C) $13,393.98
• D) $24,568.71

---

Definitions:

Diaphragmatic Breathing

A breathing technique that involves deep breathing using the diaphragm to improve oxygenation and reduce stress.

Atelectasis

A condition characterized by the partial or complete collapse of a lung or a section (lobe) of a lung.

Warfarin (Coumadin)

A medication used as an anticoagulant to prevent blood clots, often prescribed for conditions like deep vein thrombosis or atrial fibrillation.

International Normalized Ratio (INR)

A blood test measurement used to determine the clotting tendency of blood, particularly important for patients taking anticoagulant medications.