Diana at 65-

-Saved 1.5Million

-Living Expenses are $92,000 (starting year 1)

- Wants to gift son lump-sum gift of $350,000 when she turns 80

-Whatever is leftover she wants to be donated to college gift

-the expected rate of return on investments is 6%

What Is the value of the gift to her college in 35 years.

If the gift is paid to college over 10-year annuity, starting 1 year after death, how much will the annual gift be?

Answer rating: 100% (QA)

To calculate the value of the gift to her college in 35 years we need to use the future value formul... View the full answer