Question
If college is expected to cost $150,000 per year in 18 years, how much should you begin depositing annually at the end of each of
If college is expected to cost $150,000 per year in 18 years, how much should you begin depositing annually at the end of each of the next 18 years to accumulate enough funds to pay 1 year of tuition 18 years from now? Assume you can earn a 6% annual rate of return on their investment.What financial formula should you use to calculate ?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
