I just need to have the answer 28

24) Assuming that costs continue to increase an average of 4% per year, tuition and other costs for one year for this student in 18 years when she enters college will be closest to: A) $12,500. B) $21,500. $320,568. P) $25,323 5) Assuming that college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to: JA) $97,110. B) $107,532. C) $101,291 p) $50,000 26) The British government has a consol bond outstanding that pays 100 in interest each year. Assuming that the current interest rate in Great Britain is 5% and that you will receive your first interest payment immediately upon purchasing the consol bond, then the value of the consol bond is closest to: A) 2000. B) 2100. C) 1000. p) 1100. 7) If the current rate of interest is 8%, then the present value of an investment that pays $1000 per year and lasts 20 years is closest to: A) $18,519. B) $45,761. C) $9818. P) $20,000 28) Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. They decide to make deposits into an educational savings account on each of their daughter's birthdays, starting with her first birthday. Assume that the educational savings account will return a constant 7%. The parents deposit S2000 on their daughter's first birthday and plan to increase the size of their deposits by 5% each year. Assuming that the parents have already made the deposit for their daughter's 18th birthday, then the amount available for the daughter's college expenses on her 18th birthday is closest to: A) $42,825. B) $97,331. C) $67,998. ) $103.063