Angela Has Just Received an Insurance Settlement of $35,000

question 35

Multiple Choice

Angela has just received an insurance settlement of $35,000.She wants to save this money until her daughter goes to college.If she can earn an average of 5.5 percent,compounded annually,how much will she have saved when her daughter enters college 10 years from now?

• A)$48,000.00
• B)$50,929.02
• C)$51,374.89
• D)$59,875.06
• E)$59,785.06

---

Definitions:

Ileostomy Bag

A medical device attached to the skin around an ileostomy to collect waste from the small intestine.

Imbalanced Nutrition

A condition where an individual's dietary intake does not provide the necessary nutrients for good health.

Pregnancy

The condition of having a developing embryo or fetus in the uterus, lasting about 40 weeks from the last menstrual period to childbirth.

Liver Enzymes

Proteins found in the liver that catalyze and regulate chemical reactions, often measured in blood tests to assess liver health.