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Can someone please show me how to do this? Also how to use the calculator on this website below to figure it out thanks so
Can someone please show me how to do this? Also how to use the calculator on this website below to figure it out thanks so much!
NOT include the questions. When answering the questions, please describe in detail the steps you use for each calculation. For your calculations l recommend using the following calculator: nvesting-calcula r/life and mone investing/H1entry forme www.d averams com/artic Like many married couples, Gene and Stacey Uselton are trying their best to save for two important investment objectives: (1) an education fund to put their two children through college; and (2) a retireme nest egg for themselves. They want to have set aside $40,000 per child by the time each one starts colle Given that their children are now 10 and 12 years old, Gene and Stacey have 6 years remaining for one c and 8 for the other. As far as their retirement plans are concerned, the Useltons both hope to retire in 20 years, when they reach age 65. Both Gene and Stacey work. and together. they currently earn about $9 a year. Here is the rest their financial information. A number of years ago, the Useltons started a college fund by investing in bank CDs that fund is n worth $45,000. They have $50,000 that they received from an inheritance invested in several mutual funds and am $20,000 in a tax-sheltered retirement account. Gene and Stacey believe that they'll be able continu saving for retirement by putting away $6,000 a year for the next 20 years. The Useltons are fairly conservative investors and feel they can probably earn about 6 percent on money. (Ignore taxes for the purpose of this exercise.) Step by Step Solution
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