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Jamey adopts a baby. He estimates he will need to have $ 1 0 0 , 0 0 0 ready in 1 8 years when

Jamey adopts a baby. He estimates he will need to have $ $100, 000$ ready in $18$ years when the baby goes to college. How much does he need to invest now to have $ $100, 000$ in $18$ years assuming he can earn $5 %$ annually on his money over the next $18$ years?

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Jamey adopts a baby. He estimates he will need to have $ 1 0 0 , 0 0 0 ready in 1 8 years when

Jamey adopts a baby. He estimates he will need to have $100,000 ready in 18 years when the baby goes to college. How much does he need to invest now to have $100,000 in 18 years assuming he can earn 5% annually on his money over the next 18 years?

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Jamey adopts a baby. He estimates he will need to have $ $100, 000$ ready in $18$ years when the baby goes to college. How much does he need to invest now to have $ $100, 000$ in $18$ years assuming he can earn $5 %$ annually on his money over the next $18$ years?