You Set Up a College Fund in Which You Pay

question 117

Multiple Choice

You set up a college fund in which you pay $2,000 each year at the end of the year.How much money will you have accumulated in the fund after 18 years,if your fund earns 7% compounded annually?

• A) $72,757.93
• B) $67,998.07
• C) $20,118.17
• D) $28,339.25

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Definitions:

Defervescence

The period or process of abatement of fever, where the body's temperature returns to normal following an illness or infection.

Vital Signs

Clinical measurements that indicate the state of a patient's essential body functions, including temperature, pulse, respiration, and blood pressure.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, often measured in millimeters of mercury (mmHg).

Bladder

A hollow muscular organ that stores urine produced by the kidneys before it is excreted from the body.