1. If the cost of a private college education is about $30,000 per year now, what will it cost your children per year if costs go up 8% a year and your children go to college 18 years from now?

1. If the value of a home doubles in 9 years, what is the annual rate of return? (Hint: use the rule of 72 in reverse.)

1. If you put $5,000 into a savings account and earned 4.5% per year, how much money would you have in the account after 64 years?

1. If interest on the national debt is 9% a year, how long would it take for the debt to double? How long would it take if interest rates went up to 12%?

Answer rating: 100% (QA)

1 Cost of College Education If the cost of a private college education is currently 30000 per year and it increases by 8 annually we can calculate the ... View the full answer