Given the following scenario: Inflation rate for tuition is 6% Return on investment is 5% Current tuition costs are $25,000 per year, child is 8 and will attend at age 18 $20,000 has already been saved by the parents How much addition funds would you require today to fully fund this education? Show all your work. What key factor

Sep 8, 2023

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Given the following scenario: Inflation rate for tuition is 6% Return on investment is 5% Current tuition costs are $25,000 per year, child is 8 and will attend at age 18 $20,000 has already been saved by the parents How much addition funds would you require today to fully fund this education? Show all your work. What key factor
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