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Calculate the lump sum necessary to fund Ethan's college attendance. Current college cost = $12,500 Expected inflation (CPI) = 2.5% Expected rate of education inflation
Calculate the lump sum necessary to fund Ethan's college attendance. Current college cost = $12,500 Expected inflation (CPI) = 2.5% Expected rate of education inflation = 5.5% Ethan's current age = 3 Ethan's age at beginning of college = 18 Anticipated years of attendance = 5 Expected 529 account annual performance = 8.75% A) $67.229 OB) $127,508 O C) $139,530 OD) $131,436
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