4. Danielle has determined that she needs $150,000 when her son starts college in 18 years. Approximately how much money does Danielle need to set aside today if she can earn 6% on her investments? a. $26,000 b. $52,000 c. $78,000 d. $104,000
4. Danielle has determined that she needs $150,000 when her son starts college in 18 years. Approximately how much money does Danielle need to set aside today if she can earn 6% on her investments? a. $26,000 b. $52,000 c. $78,000 d. $104,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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4. Danielle has determined that she needs $150,000 when her son starts college in 18 years.
Approximately how much money does Danielle need to set aside today if she can earn 6% on
her investments?
a. $26,000
b. $52,000
c. $78,000
d. $104,000
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