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Alisha is proud to be able to send her daughter to university- Her dau.pdf

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Alisha is proud to be able to send her daughter to university. Her daughter starts university tomorrow. Alisha worries that the funds she has saved are insufficient to meet her goal 4 years of $25 , 000 per year for tuition (to be paid at the beginning of the year), plus a lump sum of $50 , 000 available at the beginning of the 5 th year to cover further studies. How much does Alisha have in available funds, assuming a discount rate of 7% , compounded semi-annually? Select one: a. $124 , 695 b. $126 , 408 c. $125 , 907 d. $122 , 417.

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Alisha is proud to be able to send her daughter to university. Her daughter starts university tomorrow. Alisha worries that the funds she has saved are insufficient to meet her goal 4 years of $25 , 000 per year for tuition (to be paid at the beginning of the year), plus a lump sum of $50 , 000 available at the beginning of the 5 th year to cover further studies. How much does Alisha have in available funds, assuming a discount rate of 7% , compounded semi-annually? Select one: a. $124 , 695 b. $126 , 408 c. $125 , 907 d. $122 , 417

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