Robert has twins and anticipates a minimum need of $104,000 for college education funds in 13 years when his kids start college. How much money should Robert put in an account today? Assume that the account pays Robert 4.77 percent net after tax compounded annually. Round the answer to two decimal places.

Answer rating: 100% (QA)

SOLUTION To calculate the amount that Robert should put in an accoun... View the full answer