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Question: If I have a 10-year-old son and I am considering a savings plan that could fund his future college education that costs $ 22,000
Question: If I have a 10-year-old son and I am considering a savings plan that could fund his future college education that costs $ 22,000 per year. Before my son starts university, he plans to travel around the world for 2 years. How much do I have to save today if you want to be sure you can afford the first year of education? Assume that your son starts university in 10 years and that you can get an interest on your saved capital that exceeds inflation by 5% for the entire time period
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