Future Cost. If one year of college currently costs $25,000, how much will it cost Grand Rapids,

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Future Cost. If one year of college currently costs

$25,000, how much will it cost Grand Rapids, Michigan’s resident Michelle Spindle to pay for one year of schooling for newborn daughter, Melissa, 18 years from now, assuming a 5 percent annual rate of inflation?

Use Appendix A-1 or the Garman/Forgue companion website.

AppendixLO1

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Personal Finance Tax Update

ISBN: 9780357438947,9780357438930

13th Edition

Authors: E. Thomas Garman , Raymond Forgue

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