Question
You want to start saving for your daughter's college education now. She will enter university at age 18, and you have decided to put $100,000
You want to start saving for your daughter's college education now. She will enter university at age 18, and you have decided to put $100,000 into an account to fund her education when she turns 18. If monthly deposits of $640.38 will allow you to reach your goal, how old is your daughter now? Assume you can earn 3% annual interest on your savings, compounded monthly.
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Handbook Of Financial Markets Dynamics And Evolution
Authors: Thorsten Hens
1st Edition
0323165478, 978-0323165471
