Question
Your daughter is currently 66years old. You anticipate that she will be going to college in 12years. You would like to have $117,000 in a
Your daughter is currently 66years old. You anticipate that she will be going to college in 12years. You would like to have $117,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 11% per year, how much money do you need to put into the account today to ensure that you will have $117,000 in 12years?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
