Question: those are the question nothing else Logan's daughter will be going to college in 18 years. The first year of college is estimated to be

those are the question nothing else

Logan's daughter will be going to college in 18 years. The first year of college is estimated to be $45,000. Logan wants to pay the $45,000 for the first year of the program. How much money does Logan have to invest today in order to have $45,000 to pay for the first year of the program 18 years from now? The money will be invested in stocks which will return 10% compounded annually. You find an investment that promises 15% in returns every year. You put $1,000 into this investment today and do not take any monies out for 50 years. How much will your investment be worth in 50 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Jerry's daughter will be going to college in 1 8 years. The first year of college is estimated to be $ 6 0 , 0 0 0 . Jerry wants to pay the $ 6 0 , 0 0 0 for the first year of the program. How much...

You find an investment that promises 15% in returns every year. You put $1,000 into this investment today and do not take any monies out for 45 years. How much will your investment be worth in 45...

Holding present value and discount rate constant, the greater the number of periods... O the lower the future value. . O the greater the future value. has no impact on future value. Ivan's daughter...

Family Financial Planning 640 education funding assignment You must show your work when solving these problems. Please use the cash flow method from the examples in the content, unless you are...

Education Funding Assignment. must use two step uneven cash flow method. You must show your work when solving these problems. Please use the cash flow method from the examples in the content, unless...

a few word problems over family financial planning You must show your work when solving these problems. Please use the cash flow method from the examples in the content, unless you are already...

Debra wants to know if her sister can be her qualifying child.Which of the following is not a test to be a Qualifying Child? Select one: a. The child must be under age 19 at the end of the year or...

this isHVAC Financial Analysis and a case. You have to look at the case to be able to solve the problems and to be able to write a 2 page paper questions ask about the case. Please take a look at...

HVAC Ratio Analysis See Balance Sheet & Income Stmt. in HVAC Case on Canvas. IND LIQUIDITY RATIOS AVG 1994 1992 1993 1 Current 1.4 1.5 1.5 Name _____________________________________________ 1993...

i just need to complete the excel Frenchies Signature Assignment Joseph Preimesberger posted on Nov 8, 2021 9:35 AM Edited This is a shortened assignment, so just complete the three Excel tabs given...

5/12 (-1/6) Find the difference by hand.

Q. Find " x dydx

Choose the best answer from the list below: The high P / E firm is expected to have higher earnings growth. The high P / E firm is expected to have lower earnings growth. The high P / E firm is...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

2. What technologies are used by UPS? How are these technologies related to UPSs business strategy? United Parcel Service (UPS) started out in 1907 in a closet-sized basement office. Jim Casey and...

2. Identify the problems that businesses in this case study solved by using mobile digital devices. How much of your job can you do from the palm of your hand? Probably more than you think. Today...

1. What kinds of applications are described here? What business functions do they support? How do they improve operational efficiency and decision making? How much of your job can you do from the...