Assuming That College Costs Continue to Increase an Average of 4

question 94

Multiple Choice

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:

• A)$97,110
• B)$107,532
• C)$101,291
• D)$50,000
• E)$85,790

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Definitions:

Primary Circular Reactions

The repetition of actions that first occurred by chance and that focus on the infant’s own body.

External Environment

All outside factors and influences that affect the development, behavior, and survival of an organism or organization.

Angular Gyrus

A region of the brain located in the parietal lobe that is involved in processing language, numbers, and spatial cognition, among other functions.

Visual Information

Data that is perceived or interpreted through the sense of sight, including images, symbols, and visual cues.