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You are considering investing in Fidelity's Spartan fund which has an average lifetime return of 8.91%. Assume the fund continues to perform at 8.91% per
You are considering investing in Fidelity's Spartan fund which has an average lifetime return of 8.91%. Assume the fund continues to perform at 8.91% per year. How much money do you have to deposit today to pay the tuition for all four years? For simplification, assume that you want to have all of the money when she begins college, so just add the values for all four years of tuition that you calculated in #1. This is how much money you want to have in 17 years. You are considering investing in Fidelity's Spartan fund which has an average lifetime return of 8.91%. Assume the fund continues to perform at 8.91% per year. How much money do you have to deposit today to pay the tuition for all four years? For simplification, assume that you want to have all of the money when she begins college, so just add the values for all four years of tuition that you calculated in #1. This is how much money you want to have in 17 years
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