Investment to cover cost of your childs college education

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Reference no: EM13870874

Assume the total cost of a college education will be $410,000 when your child enters college in 15 years. You presently have $68,000 to invest.

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

Reference no: EM13870874

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Investment to cover cost of your childs college education : Assume the total cost of a college education will be $410,000 when your child enters college in 15 years. You presently have $68,000 to invest. Required: What annual rate of interest must you earn on your investment to cover the cost of your child’s ..

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