Assume that you estimate the Carlton's will need to pay $218,200 (Year 1 = $49,000, Year 2
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Assume that you estimate the Carlton's will need to pay $218,200 (Year 1 = $49,000, Year 2 = $52,500, Year 3 = $56,300, Year 4 = $60,400)for four years of tuition and room & board while Matthew attends ABC. If the Carlton's earn an after-tax return of 8.5% during Matthew's 4 years in college, how much do they need to have at the start of Matthew's freshman year to fully pay for all 4 years at ABC?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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