What your rate of return be to cover your child education

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Question - Would you be willing to pay $1,500 today in exchange for $10,000 in 30 years? What would be the key considerations in answering this question? Would your answer depend on if this arrangement was made with the Government of Canada or a fellow classmate at your College. Need a brief paragraph explaining your answer.

You just got married and are planning to have children. You plan on sending your children to a college in fifteen years from now. The cost of this University degree is $300,000 and you have $65,000 to invest right now. What must your rate of return be to cover your child's university education?

Reference no: EM132865892

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