Question: I tried the problem and got the wrong answer. Can you tell me where I messed up please A father and mother are planning a

 I tried the problem and got the wrong answer. Can youI tried the problem and got the wrong answer. Can you tell me where I messed up please

A father and mother are planning a savings program to put their daughter is now 9 years old. She plans to enroll at the junior college 2 years to complete her education. inflation rate in daughter through junior college. Th when she is 18 and it should take her Currently, the cost per year (for tuition, etc.) is $8,000, but a 3 percen s forecasted. The cost for each year of college will be withdrawn when she hen rently, th these turns 18 and 19.i The daughter received $1,000 from her grandmother at age 6 and will receive $2,000 from her aunt w she turns 18; this money, which is invested in an account paying 4.5 percent nterest con annually, will be used to help meet the costs of the daughter's education. The rest of the costs weaccont by money the parents with the first deposit being made today on her 9th birthday and the last one being made on birthday. These deposits will also earn 4.5 percent interest compounded at will deposit in the account. They will make 5 equal annual deposits to the account, her 13th nually. How large must each eposit (from the parents) be in order to put the daughter through junior college? (Round cash flows to nearest dollar.) a. $2,622 b. $2,610 c. $2,536 d. $2,412 e. $2,498 1020 D D D D 12457 np,0438 , 1575.33 ?4.ST 7 rV 15015.824 (1,044 I8ua 41

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