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You have two children who will start their college education in near future. For their tation, you would like to plani early and set aside
You have two children who will start their college education in near future. For their tation, you would like to plani early and set aside two large sums of money Beginning of year for today: 553.000 Beginning of year 2 for 1 year from todayl: $26.000 You deposit these amounts at 6.5% annual interest rate. How much TOTAL money will you have in your bank account for your children's future tuition 2 years from today? Increase decimal places for any intermediate calculations, rom the default a tortor examples or even higher The more the better Only found your final answer to TWO decimal places for example 1.000 23 Do Not uses in your answer.)
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