Calculate How Much You Would Need to Invest Now in Order

question 24

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 $26,000 now and is inflating at 6%, and your investment will earn 10%. Assume continuous compounding.

• A) $11,683
• B) $3519
• C) $7831
• D) $57,864

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Definitions:

1,3,5-Hexatriene

A linear hydrocarbon with alternating single and double bonds, specifically found in conjugated systems.

Dienophiles

Reactants used in Diels-Alder reactions that have electron-poor double or triple bonds and react with dienes to form cyclic compounds.

(E,E)-Isomer

Refers to a type of geometric isomerism where substituents are positioned on opposite sides of a double bond or rings in a molecule.

(Z,Z)-Isomer

A specific stereoisomer where the highest priority substituents on both sides of a double bond (or bonds) are on the same side, according to CIP rules.