Question
Assume that the total cost of university education will be $290,000 when your child enters university in 18 years. You currently have $55,000 to invest.
Assume that the total cost of university education will be $290,000 when your child enters university in 18 years. You currently have $55,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your childs university education?
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
