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You need save for college for your child. It was just born and you want to have $50,000 available when it's 18 years old. If
You need save for college for your child. It was just born and you want to have $50,000 available when it's 18 years old. If you can earn 8% annual return, then how much do you have to save monthly?
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lets use the future value of an ordinary annuity formula FV P 1 rn 1 r 50000 P 1 00812216 1 00...
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
