Assume the total cost of college education

Assignment Help Financial Management

Reference no: EM131963064

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. You presently have $59,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual rate of interest %

Reference no: EM131963064

Questions Cloud

What is the bond yield to maturity : The bond has a face value of $1,000 and has a 6% annual coupon. The bond has a current yield of 6.4%. What is the bond’s yield to maturity.

What challenges did you encounter in creating this section : What are the key elements that provide the historic context to the study? How does the research literature create or support that historic context?

Different levels of protection of communication : Explain the different levels of protection of communication and the channel, the attributes of security, confidentiality, integrity, and availability.

Implementing security for organization : As the lead IT person tasked with implementing security for their organization, a dot com startup. The company you work for has 30 employees

Assume the total cost of college education : What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?

What are some of the advantages of using digital codes : What are some of the advantages of using digital codes when you are designing digital systems? Provide examples that support your answer.

Classify each event as source or use of cash : Classify each event as a source or use of cash. A decrease in inventory is a . A decrease in accounts payable is a

What was the cash flow to stockholders for year : If the company paid out $620,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

Disadvantages of compensation approaches : What are the advantages and disadvantages of compensation approaches such as skill-based pay and competency-base pay? How can the disadvantages be overcome?

User Account

All Pages