Question
10 pts A father of a family wants to purchase a second tuition to cover the cost of his newborn son's college tuition. It is
10 pts A father of a family wants to purchase a second tuition to cover the cost of his newborn son's college tuition. It is estimated that the entire nine semesters would require it by the time the child turns 18. Tec's current semester cost is $ 122,400 and Tec is known to increase 2% average inflation per semester. Considering that the investment in the segubeca would be made in annual terms and said investment would pay 5% per year, he estimates how much he would have to invest annually throughout the 18 years to be able to pay his full tuition.
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