Multiple Choice
What formula should you use to determine the future cost of a year of college?
A) Present cost of attendance X # of years of attendance
B) FV = PV (1+G) ^N
C) PVGA = (PMT/(I-G) ) *(1-((1+G) /(1+I) ) ^N)
D) FVA = (PMT/I) *((1+I) ^N-1)
Correct Answer:
Verified
Correct Answer:
Verified
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