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

question 49

Multiple Choice

An individual is planning to set-up an education fund for her children. She plans to invest $10,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years?

• A) $46,320.
• B) $67,107.
• C) $100,000.
• D) $144,870.
• E) $215,890.

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Definitions:

Rationalizes Criticism

The act of providing logical reasons to justify critique, making it more acceptable.

Team Conflict

A situation where disagreements or tensions arise among members within a team, potentially leading to disputes but also opportunities for problem-solving and improvement.

Active Listening

The practice of paying full attention to a speaker, understanding their message, providing feedback, and retaining the information.

Ground Rule

Basic guidelines or rules that are established at the beginning of a meeting, discussion, or project to ensure smooth and effective operation.