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help with 3 and 4 Question 3 (1 point) Congratulations, you just had a baby girl today! You now establish a college fund for he
help with 3 and 4
Question 3 (1 point) Congratulations, you just had a baby girl today! You now establish a college fund for he that you hope will grow to $500,000 in value on her 18th birthday. How much will you need to invest in the fund each year if your investments grow at an annual interest rate of 8%? (Assume that you make 18 equal annual investments into the fund starting one year from today.) Your Answer: Answer View hint for Question 3 Question 4 (1 point) You are considering a project that costs $25.000 today and will generate cash flows of $10,500 per year for 3 years. Calculate the IRR for this projectStep by Step Solution
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