Question
Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. You presently have $56,000 to invest.
Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. You presently have $56,000 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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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
