How much do you need to save every month

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Question - You want to plan to provide for 4 year college expenses for two children. Assume that the first child will be college going in 16 years and the other in 12 years. College tuition is 30,000 per year and tuition inflation is around 4%. How much do you need to save every month if the rate of return on your investments is 7%?

Reference no: EM133269741

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