Selena Wants to Have Enough Funds to Cover $13 000

question 30

Multiple Choice

Selena wants to have enough funds to cover $13 000 per year for four years of her daughter's university expenses and will need the money at the beginning of each year.If her funds get an annual return of 4.3 percent,how much would she need to have in the account when her daughter starts university?

• A)$48 764
• B)$46 857
• C)$52 000
• D)$48 872

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Definitions:

Functional Imperatives

Fundamental needs that must be met in any social system for it to survive and operate efficiently, such as adaptation, goal attainment, integration, and latency.

Parsons

An influential sociologist known for his work on social action, systems theory, and for contributing to the development of functionalism.

Assimilation

The process by which individuals or groups adopt the culture, norms, and practices of another society, often losing their original identity.

Anomic Suicide

A term coined by Emile Durkheim referring to suicide resulting from insufficient social regulation and individuals feeling disconnected from society.