6 . Jamie LEE and Ross agree that by accomplishing their Short- Term Goals, they Can budget IS, WON a year toward their long-term investment goals . They are estimating that with the allocations recommended by their financial adviser , they will see an average return of 7 percent on their investments . The triplets will begin college in 15 years and will need $ 100, 000 for tuition . Using Exhibit 1 - 8. " Future Value , " in the Time Value of Money Appendix* located after Chapter 1 , decide whether Jamie Lee and Ross will be on track to reaching their long-term financial goals of having enough money from their investments to pay the triplets ' tuition