Sam Long anticipates he will need approximately $225,000 in 15 years to cover his 3-year-old daughters college

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Sam Long anticipates he will need approximately $225,000 in 15 years to cover his 3-year-old daughter’s college bills for a 4-year degree.

How much would he have to invest today at an interest rate of 8 percent compounded semiannually?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Jan 16, 2021 10:35 PM

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Sam Long anticipates he will need approximately $225,000 in 15 years to cover his 3-year-old daughters college

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Foundations of Financial Management

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