If a Father and Mother Set Aside a Certain Amount

question 55

Multiple Choice

If a father and mother set aside a certain amount each year for their daughter's college fund, which table would be used to determine the amount necessary to be put away each year in order to reach a certain goal once the daughter attends college?

• A) The present value of $1
• B) The future value of $1.
• C) The future value of an annuity of $1.
• D) Present value of an annuity of $1.

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Definitions:

Example

Used to illustrate a specific case or instance that demonstrates a general rule, concept, or situation.

Displacement

In linguistics, the ability to talk about things that are not present in time or space. In psychology, it refers to the transfer of emotions from a particular target to another.

Language

A system of communication used by a particular community or country, consisting of written, spoken, or gestural symbols that are conventionally understood.

Noam Chomsky

An influential linguist, philosopher, cognitive scientist, historian, and social critic, known for his theory of generative grammar.