6. You value education and you want your kids to receive the best possible education. But sending kids to private schools and Ivy League colleges is not cheap. You want to start saving money so that when you kids need the money, you can support them. The current assumption is you want to have kids in 5 years and you wish to have $200,000 in today's dollars when they are 15 years old. Based on current situation, you expect inflation to be stable at 1.5% in the foreseeable future. Your plan is to put down savings each year and you can save every year an amount that's 2% more than the previous year. A your savings go to a stock und thats expected to eturn 10% annually, of which 1% will be dividends and 996 will be capital gains. You pay income taxes at 15% on dividend incomes as you receive them at the end of each year You re-balance your fund every year, meaning you sell all your positions and re-invest at the beginning of a new year, so capital gains are also realized every single year and you pay 15% tax on capital gains as we In order to have enough money for your kids' education how much money a you a eto save nthe is year? en Vou 15 ar an capila tions aefor