Assume the Total Expense for Your Current Year in College

question 83

Multiple Choice

Assume the total expense for your current year in college equals $20,000.How much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?

• A) $952.46
• B) $1,600.00
• C) $1,728.08
• D) $3,973.11

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Definitions:

Protoplasmic Protrusions

Extensions of the cell body, such as pseudopodia, used for movement and feeding in some unicellular organisms.

Scientific Theory

In science, a widely accepted explanation supported by a large body of observations and experiments. A scientific theory relates facts that appear unrelated; it predicts new facts and suggests new relationships. Compare with hypothesis.

Unchangeable

A term describing something that cannot be altered or modified.

Hypotheses

Proposed explanations for a phenomenon, made as a starting point for further investigation.