Thelma is planning for her son's college education to begin five years from today. She estimates the yearly tuition, books, and living expenses to be $5,000 per year for a four-year degree, assuming the expenses incur only at the end of the year. How much must Thelma deposit today, at an interest rate of 8 percent, for her son to be able to withdraw $5,000 per year for four years of college?
A) $20,000
B) $13,620
C) $39,520
D) $11,270
D) $11,270
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A. cash budget B. capital budget C. spending limit D. operating budget
Which sentence expresses numbers correctly?
A) All customers have a 10-day grace period for late loan payments. B) If you pay in cash, you can receive a two percent discount. C) Our company offers a generous ninety-day return policy on all merchandise.
According to a recent report by the American Management Association, more than a quarter of employers have fired workers for misusing email.
Answer the following statement true (T) or false (F)
If you were Brooke, what, if anything, would you have done differently?
What will be an ideal response?