how does my teacher get 208,776.82 number???

u want to save for your daughter's college education. You expect that the first-year tuition will be $50,000 arting 25 years from today and will grow by 8% per year. You will need to save for all four years. Assume nual compounding. How much must you save today assuming an expected annual return on your vestment of 3%? (6 points) 3V You bought a house for $400,000. The bank required a 25% down payment and gave you a 30-year mortgage loan for the remainder. Assume an annual interest rate of 596 and a monthly repayment schedule (6 points) What is the amount of the mortgage? What is your monthly payment? After 24 years of payments, how much do you still owe? a. b. c