4.38 Assume that the cost of a college education will be $20,000 per year when your child...
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4.38 Assume that the cost of a college education will be $20,000 per year when your child enters college 12 years from now. You currently have $10,000 to invest. What rate of interest must your investment earn to pay the cost of a four-year college education for your child? For simplicity, assume the entire cost of the college education must be paid when your child enters college.
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Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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