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You are 25 years old and just had your first child. Congratulations. Assume you can earn 4% per year on your investments. 1. If you
You are 25 years old and just had your first child. Congratulations. Assume you can earn 4% per year on your investments. 1. If you invest $170,000 at the end of this year for your child's college fund, how much will you have when your child is ready to go to university at 18 years old? 2. If you wait until you are 35 to invest the $170,000 how much will you have when your child is ready to go to university at 18 years old? 3. Why is the difference so large? A B I !!! c
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