Question
Aiden has a child from his previous marriage, Finn who is 5 years old, who lives with her mother. He will cover 50% of Finns
Aiden has a child from his previous marriage, Finn who is 5 years old, who lives with her mother.
He will cover 50% of Finns 4 years of college/university education. The current cost for a student attending a college / university is $12,000 per year. These educational costs are estimated to grow at 5% per year. Finn will be starting university/college at age 18.
Aiden plans to apply for the Registration Education Savings Program (RESP) and use the accompanying grants to reduce his monthly contribution. He estimated the rate of return for his investments will grow at 8%.
What would be Aiden first year post-secondary education cost for Finn?
| a. | $13,553.78 | |
| b. | $12,889.58 | |
| c. | $12,354.45 | |
| d. | $11,858.63 | |
| e. | $11,313.89 |
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Futures Trading Demystified
Authors: Arvind Rajpurohit
1st Edition
979-8859974344
