Question
*EXCEL ONLY PLEASE Anna wants to plan for her daughter's education. Her daughter was born today and will go to college at age 18 for
*EXCEL ONLY PLEASE
Anna wants to plan for her daughter's education. Her daughter was born today and will go to college at age 18 for 5 years. Tuition is currently $15,000 per year in today's dollars. Anna anticipates tuition inflation of 7% and believes she can earn an 11% return on her investments. How much must Anna contribute at the end of each year if she wants to make her last contribution at the beginning of her daughter's last year of college?
*EXCEL ONLY PLEASE
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
