1. Today (t=0) your daughter is born (congratulations and good luck with that!) and you decide to start saving for her education. You figure that you will need to pay for 5 years of undergraduate engineering at $20,000 per year (from t=18 through t=22), and two years for graduate school at $30,000 per year (t=23 and t=24). How much needs to be in her education account at t=18 to fund her education in full? (Choose the closest answer) a) 117.960

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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1. Today (t=0) your daughter is born (congratulations and good luck with that!) and
you decide to start saving for her education. You figure that you will need to pay for
5 years of undergraduate engineering at $20,000 per year (from t=18 through t=22),
and two years for graduate school at $30,000 per year (t=23 and t=24). How much
needs to be in her education account at t=18 to fund her education in full? (Choose
the closest answer)
a) 117.960
Transcribed Image Text:1. Today (t=0) your daughter is born (congratulations and good luck with that!) and you decide to start saving for her education. You figure that you will need to pay for 5 years of undergraduate engineering at $20,000 per year (from t=18 through t=22), and two years for graduate school at $30,000 per year (t=23 and t=24). How much needs to be in her education account at t=18 to fund her education in full? (Choose the closest answer) a) 117.960
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