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They would like to save to pay for 70% of the cost of university in 12 years at a current total (tuition, room and board,
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- They would like to save to pay for 70% of the cost of university in 12 years at a current total (tuition, room and board, books, and expenses) cost of $21,000/yr
- College asset rate of return = 7%
- Annual inflation rate for college expenses = 6%
- How much will they need to save each year to achieve their goal of paying 70% of the total cost of their child's 4 year education?
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
