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Holly would like to plan for her daughter's college education. She would like for her daughter, who was born today, to attend college for 4
Holly would like to plan for her daughter's college education. She would like for her daughter, who was born today, to attend college for 4 years, beginning at age 18. Tuition is currently $13,000 per year and tuition inflation is 7%. Holly can earn an after-tax rate of return of 10%. How much must Holly save at the end of each year, if she wants to make the last payment at the beginning of her daughter's first year of college?
$3,130.39 | ||
$3,414.97 | ||
$3,699.55 | ||
$3,984.13 |
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