Question
Anita has one child (Sarah) who will attend college at the end of eight years. The current cost of college is $25,000. She will attend
Anita has one child (Sarah) who will attend college at the end of eight years. The current cost of college is $25,000. She will attend for 4 years. Education inflation is expected to be 4% and the expected portfolio rate of return is 8%. How much does Anita have to save annually to have enough funds when Sarah begins school?
| a | $12,169 | |
| b | $12,169 | |
| c | $12,169 | |
| d | $12,169 |
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
