Lucy is to start a 3 years Bachelor's degree in Australia in 4 years' time. The tuition

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Lucy is to start a 3 years Bachelor's degree in Australia in 4 years' time. The tuition costs $15,000 per semester and Lucy needs to undertake two semesters each year during her degree. Her father, David, has planned to put some one-off savings aside today. If the interest rate is 5% per annum, how much money will David need to set aside today to finance Lucy's education?

Posted Date: May 13, 2024 06:26 AM

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Lucy is to start a 3 years Bachelor's degree in Australia in 4 years' time. The tuition

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