You expect that your daughter will go to college ten years from now. Taking account of inflation,

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You expect that your daughter will go to college ten years from now. Taking account of inflation, you estimate that you will need $160,000 to support her during her years in college. Assume an interest rate of 4 percent on your saving accounts.

How much will you have to pay into those accounts in the next ten years to get $160,000 by then?

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Finance for Executives Managing for Value Creation

ISBN: 978-0538751346

4th edition

Authors: Gabriel Hawawini, Claude Viallet

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Question Posted: Mar 27, 2015 09:57 AM

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You expect that your daughter will go to college ten years from now. Taking account of inflation,

Question:

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Time line 2 HH X x 0 X Using a calculator where X is the annual payment to the saving a...View the full answer

Finance for Executives Managing for Value Creation

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