Question
1. Assume the total cost of a college education will be $200,000 when your child enters college in 15 years. You presently have $80,000 to
1. Assume the total cost of a college education will be $200,000 when your child enters college in 15 years. You presently have $80,000 to invest. What rate of interest must you earn on your investment to cover the cost of your child's college education?
2. At 7% interest, how long would it take to quadruple your money?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
