Calculate How Much You Would Need to Invest Now in Order

question 10

Multiple Choice

Calculate how much you would need to invest now in order to fund a year of college twenty years from now, assuming a year of college costs $19,000 now and is inflating at 7%, and your investment will earn 11%. Assume continuous compounding.

• A) $8537
• B) $2105
• C) $4685
• D) $42,285

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Definitions:

Anabolic Steroids

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HDL Concentration

The amount of high-density lipoprotein, often referred to as "good" cholesterol, present in the bloodstream.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, heart failure, and stroke.

Endocrine Gland

A gland that secretes hormones directly into the blood or tissue fluid instead of into ducts. Compare with exocrine gland.