Jose is investing for his daughter's college education. He expects to need $30,000 in 10 years, $31,000 in 11 years, $32,000 in 12 years, and $33,000 in 13 years. If Jose can earn 6% annually on his investment, what single amount does he need to invest today to provide for his daughter's college education?
A) $68,324.38
B) $60,808.46
C) $62,724.99
D) $64,456.96
Correct Answer:
Verified
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