You Would Like to Give Your Daughter $75,000 Towards Her

question 16

Multiple Choice

You would like to give your daughter $75,000 towards her college education 17 years from now.How much money must you set aside today for this purpose if you can earn 8 percent on your investments?

• A)$18,388.19
• B)$20,270.17
• C)$28,417.67
• D)$29,311.13
• E)$32,488.37

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Definitions:

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