It is deemed that your niece, Jenny (who is two) will be going to a four-year college
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It is deemed that your niece, Jenny (who is two) will be going to a four-year college that will cost her no more than $30,000/year. If Grandpa is going to buy U.S. Treasury bonds at 4% interest for Jenny, what dollar amount will he need to buy so that she has $120,000 at the start of college?
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We assume that Jenny will be going to college when she is 18 ...View the full answer
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Simran Agarwal
I have been the topper of my school excelling in accounts in every semester that happened. In college I secured my degree with 1st division. I have always been interested in finance and in my professional exam of Chartered Accountancy, I secured exemption in Financial Reporting, Strategic Financial Management, Risk Management, Accounting and Advance Accounting. This subjects covered topics such as portfolio management, dividend decisions, NPV, IRR, decision making, valuation of equity, valuation of firm, forex, derivatives, financial instrument, financial statement analysis, ratio analysis and so on.
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Related Book For 
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
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