Assume the total cost of a college education will be $320,000 when your child enters college in
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Assume the total cost of a college education will be $320,000 when your child enters college in 18 years. You presently have $50,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?
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We can use either the FV or the PV formula Both will give the sam...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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