You just won the lottery and want to put some money away for your child's college education. College will cost $65,000 in 18 years. You can earn 8% compounded annually. How much do you need to invest today?
A) $9,828.18
B) $11,763.07
C) $13,690.82
D) $15,258.17
E) $16,266.19

Question

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The Answer of You just won the lottery and want to put some money away for your child's college education. College will cost $65,000 in 18 years. You can earn 8% compounded annually. How much do you need to invest today?
A) $9,828.18
B) $11,763.07
C) $13,690.82
D) $15,258.17
E) $16,266.19

You Just Won the Lottery and Want to Put Some