Calculate the Future Cash Outflow, Lump Sum Outflow (when college begins), and the Required Annual Savings for Anna Degala, 12 years of age. Tuition, currently at $16,000 per year, is expected to increase 5% a per year and that they can earn about 7% return on their investments. Child's Name Anna 1. Annual College Cost (Today's Dollar Amount) $ 16,000 Number of periods until student begins college 6 Inflation5 5.00% 2. Cash Outflow Future: $ ??? Number of Periods Child Will Attend College 4 Inflation% 5.00% Education Investment Rate 7.00% Real Rate (inflation-adjusted)% ??? 3. Lump Sum Outflow (when college begins) ??? Number of periods until student begins college 6 Education investment Rate% 7.00% 4. Assets Required Future 0 5. Required Annual Savings $ ???

What is the Cash Outflows Future, Real Rate (inflation-adjusted), Lump Sum Outflow (when college begins), and Required Annual Savings

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