Question
e) Yuni wants to set up a college fund for her grandchild. She is aiming to be able to pass on $100 000 in 10
e) Yuni wants to set up a college fund for her grandchild. She is aiming to be able to pass on $100 000 in 10 years time. How much does Yuni need to set aside today into a college fund for his grandchild, assuming the fund earns 7.50% per annum?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
