Question: Your clients, Mona and George, would like to begin saving for their childrens college education. They have two kids who just turned 1 and 1
Your clients,Mona and George, would like to begin saving for their childrens college education. They have two kids who just turned and today. Each child will begin college at and attend a private university for four years. Tuition is currently $ per year and is increasing at per year. Tuition payments are made at the beginning of each year. They can earn an aftertax rate of return of How much must they save at the end of each year if they would like to make the last payment at the beginning of their youngest childs final year of college?
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