Question
Assume the total cost of a college education will be $300,000 when your child enters college in 18 years. You want to invest the money
Assume the total cost of a college education will be $300,000 when your child enters college in 18 years. You want to invest the money at the end of 6th year. How much money you should invest so that it becomes equal to $300,000, is you can earn 2.30% interest on your investment?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
