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Jack and Jill have just had their first child. If college is expected to cost $200 comma 000200,000 per year in 1818 years, how much
Jack and Jill have just had their first child. If college is expected to cost $200 comma 000200,000 per year in 1818 years, how much should the couple begin depositing annually at the end of the next 1818 years to accumulate enough funds to pay 1 year of tuition 1818 years frm now? Assume that they can earn a 88% annual rate of return on their investment.
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