Reading 5: The Time Value of Money- LOS e ～ Q3 black, white, False, class

mayanfang1

Q3. It will cost $20,000 a year for four years when an 8-year old child is ready for college. How much should be invested today if the child will make the first of four annual withdrawals 10-years from today? The expected rate of return is 8%.

A)   $66,243.

B)   $30,683.

C)   $33,138.

hjl2000

d

fange520

b

ohwow_my

  thanks

zaestau

see

jrxx99

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jerrywang0

thank you