If 4 Years of College Are Expected to Cost $150,000

question 5

Essay

If 4 years of college are expected to cost $150,000 18 years from now,how much must be deposited now into an account that will average 8% annually in order to save the $150,000? By how much would your answer change if you expected 11% annually?

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Definitions:

Cultural Capital

The non-financial social assets, like education, intellect, style of speech, or dress, that promote social mobility.

Socioeconomic Status

An individual's or group's position within a societal hierarchy, determined by factors such as income, education, occupation, and wealth.

Gender Stereotyping

The practice of assigning specific attributes, roles, or behaviors to individuals based solely on their perceived gender, often leading to prejudice and discrimination.

The Looking-glass Self

A concept in sociology that suggests our self-image is shaped by how we believe others perceive us.