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:

Effective Feedback

Constructive information or criticism given to someone which is intended to help improve or correct future actions.

Instruction

Direction or commands given for the purpose of teaching or educating.

Motivation

The process or factors that stimulate enthusiasm and willingness in individuals to pursue activities or goals.

Personnel Manager

A professional responsible for managing the human resources and staff-related functions within an organization.