Use the Information for the Question(s)below

question 52

Multiple Choice

Use the information for the question(s) below.
Suppose that a young couple has just had their first baby,a daughter,and they wish to ensure that enough money will be available to pay for her college education.Currently,college tuition,books,fees,and other costs,average $12,500 per year.On average,tuition and other costs have historically increased at a rate of 4% per year.
-Assuming that costs continue to increase an average of 4% per year,tuition and other costs for one year for this student in 18 years when she enters college will be closest to:

• A)$12,500.
• B)$21,500.
• C)$320,568.
• D)$25,323.

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Definitions:

Acquired

Gained or developed through experience, training, or exposure rather than innate.

Perceptual

Refers to the ability to recognize and interpret sensory information.

Parenting Styles

Different approaches to raising children, typically categorized into authoritative, authoritarian, permissive, and uninvolved.

Egocentrism

The tendency to perceive, understand, and interpret the world solely from one's own perspective, often observed in early child development.