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Question - Jane's 2-year old daughter Sarah will start college in exactly 16 years. The price today of her target college is expected to be $20000 every six months but the expected inflation rate is 3% from now to 16th year but 0% after Sarah starts college. This payment is due every six months beginning the day Sarah starts college, and since Sarah is expected to graduate after four years of college, it will incur total 8 payments. Jane and her husband currently have $14000 saved for Sarah college. They wish to begin a regular monthly saving program starting today and ending one month prior to Sarah beginning college. Assuming a rate 8% compounded quarterly, how much will Jane have to save every month to achieve their financial goals for Sarah?
Mike purchased $1 million apartment complex on June 1, 2020. The total real property taxes for this property in 2012 are $26,000. What is Mike real property tax
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