Appropriate recommendation to pay for children education

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Reference no: EM132066682

1. Mitch and Jennifer have adjusted gross income of $125,000 and they have not planned for their children's education. Their children are ages 17 and 18 and the parents anticipate paying $20,000 per year, per children for education expenses. Which of the following is the most appropriate recommendation to pay for the children's education?

A) 529 Savings Plan

B) PLUS Loan

C) Pell Grant

D) Coverdell ESA

2. A stream of cash flows that pays $1000 every year for 10 year. The first cash flow is received at t=1 and you will receive additional $500 at the end of the 10 years. You have a discount rate of 10%, what is the PV?

Reference no: EM132066682

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