For a child born in 2022, the cost of a 4-year college education at a public university
Question:
For a child born in 2022, the cost of a 4-year college education at a public university is projected to be $185,000. Assuming a 4.75% per annum rate of return compounded monthly, how much must be contributed to a college fund every month to have $185,000 in 18 years when the child begins college?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To calculate the amount that must be contributed to a college fund every month to have 185000 in 18 ...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
4+ Reviews
10+ Question Solved
Related Book For 
Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry
ISBN: 9780137945139
5th Edition
Authors: Michael Sullivan
Question Posted:
