You Will Need Three Amounts of $14 200 in Each

question 128

Multiple Choice

You will need three amounts of $14 200 in each year for four years in order to go to school. You are planning on going to school starting in 5 years and ending in 8 years (years 5, 6, 7, 8) . You are able to earn 9.64% compounded quarterly. How much money do you have to have today in order to be able to go to school?

• A) $30 574.35
• B) $30 457.35
• C) $30 754.35
• D) $30 475.34
• E) $33 354.35

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Definitions:

Sexual Differentiation

The process by which the bodies of living organisms develop into distinct forms based on their sex, often involving differences in reproductive organs and secondary sexual characteristics.

Autosomes

Chromosomes that are not sex chromosomes; humans typically have 22 pairs of autosomes in each cell.

Intersex Individuals

People born with reproductive or sexual anatomy that doesn’t fit typical definitions of male or female.

Klinefelter's Syndrome

A genetic condition in males characterized by the presence of an extra X chromosome, leading to hypogonadism, infertility, and other physical and cognitive impacts.