Question
Assume the total cost of university education will be $118064 when your child enters university after 15 years, You presently have $56853 to invest. What
Assume the total cost of university education will be $118064 when your child enters university after 15 years, You presently have $56853 to invest. What annual interest rate must you earn on your investment to cover the cost of your child's university education? Enter two decimal places numbers (such as 123.4.56) without sign and symbol.
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
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