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You plan to start saving for your son s university education. He will begin university when he turns 1 8 and will need $ 4
You plan to start saving for your sons university education. He will begin university when he turns and will need $ then and in each of the following three years. You will make a deposit at the end of this year in an account, and an identical deposit at the end of each year, with the last deposit occurring when he turns If an annual deposit of $ will allow you to reach your goal, how old is your son now? Assume annually compounded interest in your calculation.
Please use let me know how should i use Texas Instrument BAIIPlus financial calculator to solve this problem.
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