Question
Assume the total cost of a college education will be $295,000 when your child enters college in 18 years. You presently have $53,000 to invest.
Assume the total cost of a college education
will be $295,000 when your child enters college in 18 years. You presently
have $53,000 to invest. What annual rate of interest must you earn on your
investment to cover the cost of your child's college education?
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
