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Substantiation Here> 2. Education Funding Calculation Maximum Points: 10 Erykah has asked you what would be needed to fund the children's future college costs. She
Substantiation Here> 2. Education Funding Calculation Maximum Points: 10 Erykah has asked you what would be needed to fund the children's future college costs. She asked you to assume each child will begin college at age 18 and graduate in four years. Assume current costs are $24,000 per year and are expected to increase by 5% per year and investments earn 7%. Assuming no existing assets are dedicated to college, what is the annual savings required to fund the children's education? Substantiation Here> 2. Education Funding Calculation Maximum Points: 10 Erykah has asked you what would be needed to fund the children's future college costs. She asked you to assume each child will begin college at age 18 and graduate in four years. Assume current costs are $24,000 per year and are expected to increase by 5% per year and investments earn 7%. Assuming no existing assets are dedicated to college, what is the annual savings required to fund the children's education
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