Assuming that university costs continue to increase an average of 4% per year and that all her university savings are invested in an account paying 7% interest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
A)$97 110
B)$101 291
C)$107 532
D)$50 000

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The Answer of Assuming that university costs continue to increase an average of 4% per year and that all her university savings are invested in an account paying 7% interest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
A)$97 110
B)$101 291
C)$107 532
D)$50 000

Assuming That University Costs Continue to Increase an Average of 4