An Individual Is Planning to Set-Up an Education Fund for Her

question 5

Multiple Choice

An individual is planning to set-up an education fund for her daughter.She plans to invest $7,000 annually at the end of each year.She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%.What will be the total value of the fund at the end of 9 years? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$87,413
• B)$68,040
• C)$50,400
• D)$126,000
• E)$45,360

Understand the relationship between federal laws and state legislation, including preemption and areas of exclusive federal control.

Understand the basics of inheritance in Java

Comprehend access levels and scope within class hierarchies in Java

Distinguish between overriding and overloading methods

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values are close to the mean of the set.

Exam Grades

Scores or marks received by students on academic tests, indicating their performance level.

Probability

An assessment of the probability that a certain event will happen.

Function

A relationship or rule that defines how one variable's values are determined by another variable or other variables.