Mathematics, 01.12.2020 16:20 NathanMoreno2019
You want to save money to Finance your young son's college education. Explain the financial implications of waiting five more years to start saving for this expense. Choose the best answer.
A. Since the serving plan for education is linear, beginning immediately is important for the growth to be sufficient for when the funds are needed
B. Since financial growth is exponential, you can choose to enter the rapid growth period when you begin deposits in five years.
C. Since the saving plan for education is near, a five year delay will be able to be made up with a deposit twice as big in five years
D. Since financial growth is exponential, the delay of five years wil diminish the rapid growth years for the account
Answers: 1
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