Reference no: EM132668680
Suppose you were 100% certain that your future child, assumed to be born in 2029, will attend Simmons University for a four-year education when she is 18 years old (enrolling in fall 2047).
The 2020-2021 tuition, room, board, and fees to attend Simmons are $60,180.
Required (Show/explain your computations):
Problem 1. If tuition were to increase at a rate of 3% per year between now and when your daughter enrolls (fall 2047), what will be the estimated tuition, room, board, and fees for your daughter's first year of college?
Problem 2. Assume that each of the four years of your daughter's education will cost the same constant amount you computed in part (1). What is the total amount you would have to spend (assuming no scholarships or grants) to pay for the entire 4-year education?
Problem 3. Assume that you can earn 5% on money saved for your daughter's education. Suppose Simmons University offered you the following deal: Pay $134,000 today, and your daughter's full 4-year education will be covered when she enrolls. Which is financially more advantageous to you - accepting this offer, or paying the full amount (the amount you computed in part (2)) in fall of 2047?
|
Analyze the weekly appliance warehouse case study
: Review and analyze the weekly Appliance Warehouse case study content and resources. Create a 3- to 4-page document (to submit in Blackboard) that includes.
|
|
The fascinating field of marketing
: The topic for this week is the fascinating field of marketing, which consists of the famous four P's: product, price, place, and promotion.
|
|
Prepare the missing adjusting entry
: The total rental price for the 2 years is $96,000. Joto Inc. paid the total price $96,000 on 1 Jan. 2018. You are to prepare the missing adjusting entry.
|
|
How does fintech compare to regular banking
: How does Fintech compare to regular banking? What are some of the applications of cords and strategies of growing and expanding?
|
|
What is the total amount would have to spend
: What is the total amount you would have to spend (assuming no scholarships or grants) to pay for the entire 4-year education?
|
|
What else data is required to calculate historical based var
: Not a big fun of option though I do love Monte Carlo method. A bank has written a call option on one stock and a put option on another stock. For the first opti
|
|
Leaders use communication to guide their organizations
: You will research the different ways that managers and leaders use communication to guide their organizations.
|
|
Provide schedule of lease payments for mars ltd
: Prepare journal entries to record the lease transactions for the year ended 30 June 2011 in the record of both companies. Provide schedule of lease payments.
|
|
Design the main dimensions - stator and rotor
: Design the main dimensions, stator and rotor of a 75 kW,3000V,3 phase,8 pole,50 Hz, star connected slip ring induction motor. Assume an efficiency of 85
|