Twenty five years from today, you would like to give your child $100,000 for college education. How much money must you set aside today for this purpose if you can earn 4.2 percent on your investments?

Multiple Choice

• $28,672.18

• $35,752.55

• $31,688.46

• $22,227.32

• $26,633.12

Anothony-Towns' Instruments is analyzing a proposed project. The company expects to sell 1,500 units, 3 percent. The expected variable cost per unit is $210 and the expected fixed costs are $428,000. Cost estimates are considered accurate within a 2 percent range. The depreciation expense is $64,000. The sales price is estimated at $627 per unit, 3 percent. What is the sales revenue under the worst-case scenario?

Multiple Choice

• $908,421.88

• $894,039.30

• $884,916.45

• $940,500.00

• $922,562.60