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
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Which of the following items would most likely be a violation of the materiality constraint?
A) A company did not separately report an unusual gain of $100,000. Its income from operations was $20,000,000. B) A company having reported total assets of $50,000,000 immediately expensed the purchase of 20 pencil sharpeners that have an estimated useful life of three years. C) A $75,000 illegal bribe by an executive of the company to a foreign official was not separately disclosed in the annual report. D) A $2,000 expenditure to improve a building that originally cost $10,000,000 was immediately expensed.
Which of the following is not a correct usage of the SWOT framework?
A. take advantage of the opportunities presented by the environment B. remedy the weaknesses or work around them C. protect the firm from environmental weaknesses D. build on its strengths
If the seller and buyer do not specify when title and risk of loss pass, the rules of the ____________________ apply
Fill in the blank(s) with correct word
Net fixed assets for CEE in 2013 were ________. (See Table 3.1)
A) $45,484 B) $48,975 C) $54,511 D) $69,341