Suppose you are planning tuition funds for two children. The first child will need to make their
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Question:
a) How much money will you need to have accumulated one year before each child's first tuition payment to be able to meet the total tuition requirements? (Use Excel's NPV function)
b) If you were to make a single lump sum investment today, how much would you need to invest today to meet each child's total tuition requirements?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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