Question
You are a proud parent of a newborn baby. Starting today you are going to save $1,000 each year for the next 18 years (payments
You are a proud parent of a newborn baby. Starting today you are going to save $1,000 each year for the next 18 years (payments are made at the beginning of each year). Assuming a return of 8%. How much money will your child have for college?
| A. | $40,446 | |
| B. | $37,450 | |
| C. | $41,446 | |
| D. | $9,372 |
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
