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Client Information Lindsey (single mom w/ 2 kids) Age 36 Rob Age 11 Ann Age 4 *Both Rob and Ann will go to college at
Client Information | |
Lindsey (single mom w/ 2 kids) | Age 36 |
Rob | Age 11 |
Ann | Age 4 |
*Both Rob and Ann will go to college at age 18 | |
*Rob will go to a 4-year program; Ann will go to a 5-year program | |
Current saving for Rob | $ 45,000.00 |
Current saving for Ann | $ 8,000.00 |
Current tuition (& fees) per year | $ 30,000.00 |
Tuition (& fees) inflation | 7.50% |
General inflation | 2.50% |
Interest rate (for both Rob's and Ann's 529 plans) | 13% |
Create an education saving plan for Lindsey's two kids using METHOD 2 (NPV).
*Should calculate separately for the two kids
PLEASE SHOW WORK IN EXCEL ILL UPVOTE!
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