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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 college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest,then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
Comminuted
Used to describe a fracture where the bone is broken into several small pieces.
Open Reduction
A surgical procedure to realign broken bones or fragments, often followed by internal fixation to hold the bones in place.
Surgical Procedure
A medical operation involving an incision with instruments, performed to repair damage or arrest disease in a living body.
Involved Fractures
Fractures where the bone is broken in multiple places or is associated with other injuries or complications.
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