You are working as a financial planner. A couple has asked you to put together an investment
Question:
a. Suppose the couple invests money on her birthday, starting today and ending l year before she starts university. How much must they invest each year to have money to send their daughter to university?
b. If the couple waits 1 year, until their daughter's 8th birthday, how much more do they need to invest annually?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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