Suppose your child wants to become a physical therapist 10 years from now, with a price tag of about $90,000 for tuition. An investment opportunity offers 7.5% interest for the money invested. How...

Extracted text: Suppose your child wants to become a physical therapist 10 years from now, with a price tag of about $90,000 for tuition. An investment opportunity offers 7.5% interest for the money invested. How much money is needed at the present value to attain $90,000 in the future? 1 point $43,667.45 $46,319.30 $44,010.50 $45,781.50


Extracted text: Suppose you invest $500 with an annual interest rate of 3%; what are the present and future values of the investment after one year? 1 point Present value is $15 and future value is $500 Present value is $500 and future value is $150 Present value is $15 and future value is $515 Present value is $500 and future value is $515