User Account

All Pages

What is the current funding shortfall

Assignment Help Finance Basics
Reference no: EM132707477

Tuition at the Town State University , a 4-year college , is currently $15,000 per year. Inflation rate for tuition is 3% per year and the annual investment return is 6%. The child is 10 years old and will attend the Home State University at age 18. The parents have not saved anything for their child's education.

a) What is the estimated total future costs ( tuitions for 4 years ) at the time the child enters college?

b) What is the current funding shortfall?

c) How much must the parents save at the end of each year if they start to save today?

Reference no: EM132707477

Questions Cloud

Why they need to hedge foreign exchange : What sort of foreign exchange instruments you would recommend. Why they need to hedge foreign exchange
How much built-in gains tax must SEC pay : On December 31, 2018, SEC reported a net unrealized built-in gain of $19,000. How much built-in gains tax must SEC pay in 2019
How would profits be impacted if sam bought the component : If production is outsourced, none of the fixed overhead costs will be eliminated. How would profits be impacted if Sam's bought the component?
International business expansion plan : What has been impact of European Union of business environment? Anything else that you deem important to support your international business expansion plan.
What is the current funding shortfall : Tuition at the Town State University , a 4-year college , is currently $15,000 per year. Inflation rate for tuition is 3% per year and the annual investment ret
Explain the major accounting treatments : Explain the major accounting treatments (company used in its financial statements in relation to MFRS 39 and subsequently MFRS 9)
Journalize these transactions for Distance Hardware : June 10 Distance Hardware paid the amount owed to Full-Time Materials for the June 1 purchase, Journalize these transactions for Distance Hardware
How race and socioeconomic class affect your practice skills : The purpose of this assignment is to help students explore their own background and begin to examine how race, culture, and socioeconomic class may affect.
What does the philosopher rousseau mean : What does the philosopher Rousseau mean when he says: Man is ‘everywhere he is in chains' and must "be forced to be free"?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd