Thelma is planning for her son's college education to begin five years from today. She estimates the yearly tuition, books, and living expenses to be $5,000 per year for a four-year degree, assuming the expenses incur only at the end of the year
How much must Thelma deposit today, at an interest rate of 8 percent, for her son to be able to withdraw $5,000 per year for four years of college?
A) $20,000
B) $13,620
C) $39,520
D) $11,270
D
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Sales of some technical products and services typically take many months, perhaps even years, to complete
Indicate whether the statement is true or false a. True b. False
A sales agent in Utah negotiated an offer on an old home which had problems with the electrical system. The agent did not make an inspection or suggest one be done. The seller says everything works. When the buyer asked, the agent said, "Everything's in good working order." The sales agent is guilty of:
(a) Nothing, because of what the seller said (b) Not exercising reasonable care (c) Nothing, because of the fiduciary relationship to the seller (d) Nothing, because there was no intention of misrepresentation