Question
You would like to give your daughter $75,000 towards her college education 17 years from now. How much money must you set aside today for
You would like to give your daughter $75,000 towards her college education 17 years from now. How much money must you set aside today for this purpose if you can earn 8 percent annually on your investments?
A.$18,388.19B.$20,270.17C.$28,417.67D.$29,311.13E.$32,488.37
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
