You need to have $150,000 for your children's tuition. How much money do you set aside each
Fantastic news! We've Found the answer you've been seeking!
Question:
You need to have $150,000 for your children's tuition. How much money do you set aside each month for this amount to be available in 15 years?
a. If you were to invest the money in a savings account at 3% interest?
b. If you were to invest the money in a bond fund at 6% interest?
C. If you were to invest the money in an equity fund at 10% interest?
d. What type of problem is this?
Related Book For
Financial Analysis with Microsoft Excel
ISBN: 978-1285432274
7th edition
Authors: Timothy R. Mayes, Todd M. Shank
Posted Date: