Question $10$

You would like to give your child $$100,000$ to start a career $25$ years from now. How much

money must you set aside today for this purpose if you can earn $7\mathrm{.}0$ percent on your

investments?

$$29,911\mathrm{.}13$

$$29,530\mathrm{.}28$

$$19,817\mathrm{.}67$

$$28,388\mathrm{.}19$

$$16,397\mathrm{.}91$