Answered step by step
Verified Expert Solution
Question
1 Approved Answer
amounts of the universities: 1) Oxford University is 9,000 pounds per year, which is roughly $ 11,700. which is for the UK student only, while
amounts of the universities:
1) Oxford University is 9,000 pounds per year, which is roughly $ 11,700. which is for the UK student only, while international students will pay a tuition between 15,295 pounds ($ 19,860) and 22,515 pounds ($ 29,230) a year.
2) Standford has a cost of US $ 55,473 for undergraduates and US $ 54,315 for postgraduates, less engineering, which is worth up to US $ 57,861, more than $ 222 million at the current exchange rate.
Assume that you are a financial advisor, and a client needs a pointer to set up a college fund for his 3-year old daughter. He wants to send her to Oxford or Stanford. Consider a 4-year career. Assume that the fist deposit will be made on the kid's 4th birthday and the last deposit on her 18th birthday. Consider 6.5% annual interest as a credible rate. You need to present both college options. The main goal is to indicate to your client how much money does he need to deposit every year, until the kid starts schoolStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started