Question
What sum of money should be set aside on a child's birth to provide 8 semi-annual payments of $1500 to cover expenses for university education
What sum of money should be set aside on a child's birth to provide 8 semi-annual payments of $1500 to cover expenses for university education if the first payment is to be made on the child's 19'th birthday? The fund will earn interest at 12% compounded semiannually.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
