Today's cost for a good college education (4 years) including room, food and books runs approximately...

 

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Today's cost for a good college education (4 years) including room, food and books runs approximately $147,000. If you have two kids, ages 2 and 4, how much will college be, assuming 3% inflation in (a) 16 years for the 2-year- old? $ and in (b) 14 years for the 4-year-old? $_ If you can earn 12% on what you are saving, how much should you save each month for the 2-year-old? (c) $_ for the 4-year-old? (d) $ Today's cost for a good college education (4 years) including room, food and books runs approximately $147,000. If you have two kids, ages 2 and 4, how much will college be, assuming 3% inflation in (a) 16 years for the 2-year- old? $ and in (b) 14 years for the 4-year-old? $_ If you can earn 12% on what you are saving, how much should you save each month for the 2-year-old? (c) $_ for the 4-year-old? (d) $

Answer rating: 100% (QA)

a In 16 years the cost of college education for the 2yearold will be 147000 x 1 00316 21854839 There... View the full answer