Mr Blochirt Is Creating a College Investment Fund for His

question 30

Multiple Choice

Mr. Blochirt is creating a college investment fund for his daughter. He will put in $1,000 per year for the next 15 years and expects to earn a 6% annual rate of return. How much money will his daughter have when she starts college?

• A) $11,250
• B) $12,263
• C) $24,003
• D) $23,276

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Definitions:

Cognitive Component

A part of an attitude that encompasses the beliefs, thoughts, and attributes that we have about an object or situation.

ABC Model

A cognitive-behavioral model that describes the relationship between activating events, beliefs, and consequences in understanding human behavior.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Feeling States

Emotional conditions or responses that are experienced by individuals, influenced by external and internal factors.