Saving for College. You want to create a college fund for a child who is now 3
Question:
Saving for College. You want to create a college fund for a child who is now 3 years old. The fund should grow to $60,000 in 15 years. If an investment available to you will yield 6 percent per year, how much must you invest in a lump sum now to realize the $60,000 when needed? (Hint: Use Appendix A.2 or visit the Garman/
Forgue companion website.)
AppendixLO1
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Related Book For
Personal Finance Tax Update
ISBN: 9780357438947,9780357438930
13th Edition
Authors: E. Thomas Garman , Raymond Forgue
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