Question
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $55,000 to invest.
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $55,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your childs college education?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
