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:

Media Outlets

Organizations that distribute news, entertainment, or other content to the public, such as newspapers, television networks, or online platforms.

Shareworthy

Content or information deemed interesting or valuable enough by an individual or group that they decide to share it with others, especially on social media.

Economic Forces

Factors that influence the direction and dynamics of an economy, such as supply and demand, inflation, and government policy.

Media Production

The process of creating media content, from ideation through to the final output, including films, television programs, and digital content.