It Is Estimated That the Cost for the First Year

question 12

Multiple Choice

It is estimated that the cost for the first year of college at Massive University, the state school with the best operations management program, will be $60,000 by the time your son is ready to enroll as a student. If prevailing interest rates will average 5 percent, what amount should you invest now to pay his first year's tuition eight years from now?

• A) less than $35,000
• B) between $35,000 and $38,000
• C) between $38,000 and $41,000
• D) more than $41,000

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Definitions:

Magnetic Field

A vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials.

Gyromagnetic Ratio

A constant for a given nucleus that relates its magnetic moment and angular momentum, important in NMR and MRI.

Proton Resonance

A nuclear magnetic resonance (NMR) technique used to determine the structure of organic compounds by observing the behavior of hydrogen nuclei in a magnetic field.

O-Chlorophenol

A type of chlorophenol with the chlorine atom bonded to the ortho position (adjacent to) of the hydroxyl group on the benzene ring.