Question: Bob has asked you what would be needed to fund the childrens future college costs. He asked you to assume each child will begin college

Bob has asked you what would be needed to fund the childrens future college costs. He asked you to assume each child will begin college at age 18 and graduate in four years. Assume current costs are $24,000 per year and are expected to increase by 6% per year and investments earn 8%.

Kids Ages are 11, 6, & 3

There are no existing assets saved for college, what would be the annual savings required to fund the childrens education?

PLEASE PUT THE KEYSTROKES FOR FINANCIAL CALCULATOR

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