Question
You plan to start a college savings plan for your new daughter and estimate that on her 18th birthday you will need $300,000 for her
You plan to start a college savings plan for your new daughter and estimate that on her 18th birthday you will need $300,000 for her college expenses. Starting on her birth date and continuing through her 18th birthday, how much should you deposit each year (0 birthday and 18th birthday, inclusive) at 10% interest compounded annually? Select one: a. $9,820 b. $6,570 c. $10,660 d. $26,610 e. $118,710
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
