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Jill has two children, Sydney age 5 and William age 2. Jill wants to provide for their education funding. Currently, tuition is $10,000 per year
Jill has two children, Sydney age 5 and William age 2. Jill wants to provide for their education funding. Currently, tuition is $10,000 per year and tuition inflation is 6%. Jill expects to earn 10% on her investments and she expects the children to start college at age 18 and go to college for 4 years. Jill wants her last savings payment to be made when the oldest child starts college. How much must Jill save at the end of each year?
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