Assume the total expense for your current year in college equals $20,000.Approximately how much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $952.00
B) $1,600.00
C) $1,728.00
D) $3,973.00

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The Answer of Assume the total expense for your current year in college equals $20,000.Approximately how much would your parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount?
A) $952.00
B) $1,600.00
C) $1,728.00
D) $3,973.00

Assume the Total Expense for Your Current Year in College