Stephanie wanted to save for her daughter s education. Tuition costs $10,000 per year in today s

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Stephanie wanted to save for her daughter s education. Tuition costs $10,000 per year in today s dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. Stephanie can earn 12% on her investments and tuition inflation is 6%. How much must Stephanie save at the beginning of each year if she wants to make her last savings payment at the beginning of her daughter s first year of college? "

"1,889.00"

"2,104.00"

"2,389.00"

"1,687.00"

Posted Date: Jun 09, 2024 07:32 PM

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Stephanie wanted to save for her daughter s education. Tuition costs $10,000 per year in today s

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