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4. College Savings: Todays cost for a good college education (4 years) including room, food and books runs approximately $145,000. If you have two kids,
4. College Savings: Todays cost for a good college education (4 years) including room, food and books runs approximately $145,000. If you have two kids, ages 2 and 4, how much will college be, assuming 2% inflation in (a) 16 years for the 2-yearold? $ __________ and in (b) 14 years for the 4-year-old? $_________. If you can earn 10% on what you are saving, how much should you save each month for the 2-year-old? (c) $___________ for the 4-year-old? (d) $
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