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12. In six - teen years, your daughter will be going to college. You wish to have a fund that will provide her with $20,000
12. In six - teen years, your daughter will be going to college. You wish to have a fund that will provide her with $20,000 at the end of each of her four years in college. How much must you deposit annually during the 16 years you are saving for her education assuming you can earn 11% each year
PV FV PMT RATE NPER
13. Solve for the Future Value at year 12 of the following time line assuming an opportunity cost of 8%.
1 2 3 4 5 6 7 8 9 10 11 12
\ \ \ \ \ \ \ \ \ \ \ \
/ / / / / / / / / / / /
50 50 50 50 125 125 125 100 100 50
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