Don received a cash gift of $65,000 from his wealthy eccentric uncle. Don wants to put that aside for his daughter Cynthia's college education. Cynthia will start college in 13 years and Don's financial advisor says she can earn 7% interest on her investment in a private college fund. 

How much of Don will be in the background when Cynthia starts college?

Answer rating: 100% (QA)

To calculate the future value of Dons cash gift when Cynthia starts co... View the full answer