Decide whether the statement makes sense. Explain your reasoning.We will never be able to send our daughter to college. In order to have $100,000 in 20 years we would have to save at least $500 each month, That's more than we can afford.
What will be an ideal response?
No, the statement does not make sense. The monthly payment required in order to end up with $100,000 in 20 years would be much less than $500 even if the APR were fairly low. For example, using an APR of 5%, a monthly payment of $243 would be sufficient to build a college fund of $100,000 in 20 years.
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Suppose you borrow money from your parents for college tuition on January 1, 2013. Your parents require four annual payments of $1,000 each, with the first payment due on January 1, 2017. They are charging you 6% annual interest. What is the cost of the college tuition?
A. $2,909.37 B. $1,593.85 C. $4,000.00 D. $2,744.69
Express the product as a sum containing only sines or cosines.sin (4?) cos (2?)
A. 
[cos (6?) - cos (2?)]
B. 
[sin (6?) + sin (2?)]
C. sin cos (8?2)
D. 
[sin (6?) + cos (2?)]
?Discounting is the conversion of future cash flow amounts to their present value.
Answer the following statement true (T) or false (F)
Which theorists championed the idea of self-actualization?
A. Freud and Erikson B. Festinger and Carlsmith C. Rogers and Maslow D. Shields and Yarnell