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I need $5518 per child for four children for school. Exact years to save for each is 4,5,7, and 7 years, @3% compounded monthly. I
I need $5518 per child for four children for school. Exact years to save for each is 4,5,7, and 7 years, @3% compounded monthly.
I also have consolidated debt loan for $474,430 10 yr term 6% interest compounded monthly.
I would like to make equal payments at the end of each month.
1. How much do I need to save each month towards the 4 tuitions?
2. How much do I need to pay each month towards my debt?
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