Answered step by step
Verified Expert Solution
Question
1 Approved Answer
if they want to pay $12,500 per year for fours years to pay for Jon's college, how much do they need to fund that. he
if they want to pay $12,500 per year for fours years to pay for Jon's college, how much do they need to fund that. he is 16 years old and will go go college at age 18 for four years. If they started now at his age of 16 and saved until he graduated, at age 22, how much would they have to save annually and monthly? return on investments is 7% and tuition inflation is 6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer To calculate how much they need to fund Jons college education we can use the future value of ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
66425dadde0f2_981748.pdf
180 KBs PDF File
66425dadde0f2_981748.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started