Eighteen years from now, 4 years of college are expected to cost $150,000. Rounded to dollars and cents, how much more must be deposited into an account today to fund this expense if you can earn only 8% on your savings rather than the 11% you hope to earn?

Answer rating: 100% (QA)

PV FV 1 rn where PV present value FV future value r interest rate n number of years ... View the full answer