college fund. It the total cost of education will be $325,000 and you want to have this amount when your child enters college in 16 years, what rate of return must you earn on your investment?

Q: need

A: AS the deposits are made at the end of the year. This is an ordinary annuity problem. Formula to…

Q: Mr. Wise is creating a college investment fund for his daughter. He will put in P850 per year for…

A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

Q: ur client has asked you what would be needed to fund your 2 children’s future college costs. Assume…

A: Future planning is needed for the education of the children and you have to save for that.

Q: . How much should you deposit monthly to accumulate $85,000 in 15 years?

A: Future Value of Annuity: It represents the future worth of current annuity payments made…

Q: You want to set up a college savings plan for your daughter. She is currently 10 years old and will…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: If you put $10,000 into an investment to fund your child's college education in 18 years, how much…

A: Initial investment = $10,000 Period = 18 years Interest rate = 0.1024  Accumulated amount = ?

Q: 6. Calculating Rates of Return Assume the total cost of a college education will be $235,000 when…

A: Annual rate of return = (Future value / Present value)^(1/Time) - 1 where, Future value = $235,000…

Q: uppose you want to begin a college fund for your newborn child. You hope to accumulate $45,000 by 20…

A: Step 1 A future sum of money or stream of cash flows' present value, or PV, is their current value…

Q: If your daughter is 5 and she plans to go to college or university in Canada when she is 18 years…

A: Present Value is the current value of all the cash flows which is to be received in the future which…

Q: or Formula Approach) You want to begin saving for your daughters college education and you estimate…

A: Given information :

Q: Present Value. You want to begin a college fund for your new born child; you hope to accumulate…

A:

Q: Assume the total cost of a college education will be $365.000 when your child enters college in 18…

A: given, future value = $356,000 present value = $59,000 n = 18 years

Q: Assume the total cost of a college education in Singapore will be SGD 250,000 when your child enters…

A: Annual rate of interest is the rate at which the interest amount is provided on the principal amount…

Q: Use the savings plan formula to answer the following question.   Your goal is to create a college…

A: Total amount to accumulate is $81000 Time period is 17 years APR is 4% To Find: Monthly Investment

Q: Assume the total cost of a college education will be $245,000 when your child enters college in 15…

A: Amount we have (present Value) is $108,000 Required Amount after 15 years (Future Value) is $245,000…

Q: You want to create a college fund for a child who is now 3 years old. The fund should grow to…

A: given data  future value = 60,000 time period = 15 years interest rate = 6% discounting to find…

Q: You want to save up to pay your 5-year-old child's college tuition fee, which costs $52,500, when he…

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: in 18 years. You presently you earn on your investme

A: Formula to calculate the rate of interest is: r = [(A/P)^1/n - 1] Where r is the rate of interest, A…

Q: Assume the total cost of a college education will be $350,000 when your child enters college in 15…

A: Compound interest refers to the method of earning a return where the interest earned in a period…

Q: Assume the total cost of a college education will be $345,000 when your child enters college in 18…

A: The question is based on the calculation of required rate of return in future value of money…

Q: You want to save up to pay your 9-year-old child's college tuition fee, which costs $63,200, when…

A: According to the time value rule, money available today is worth more than the same amount at some…

Q: (Quantitative Question) Suppose that a young couple has just had their first baby and they wish to…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: The Jeffersons have asked you what would be needed to fund the children’s future college costs.…

A: First year fee = Current fee * (1 + g)^n, Whereas ; n = 18, g = 5%   First year fee = 24,000 * (1 +…

Q: Please show financial calculator inputs for this problem.…Your sister would like your help planning…

A: The use of financial calculator in form of an excel spreadsheet has been provided in this solution.…

Q: Ethan is creating a college investment fund for his daughter. He will put in $21,000 per year for…

A: An investment fund is a pool of money that several people pool together to buy assets together, with…

Q: Assume the total cost of a college education will be $200,000 when your child enters college in 15…

A: future value formula: future value=present value×1+rn where, r=rate n=number of years

Q: Assume your child will enter college in 10 years. The total cost of a college education is estimated…

A: Details given in the question are as follows: Invest today (Present value) = $10000 Time period = 10…

Q: You calculate that you will need $75,000 in ten years to be able to pay for your daughter's college…

A: The question is based on the concept of Financial Accounting.

Q: Assume the total cost of a college education will be $250,000 when your child enters college in 17…

A: Using excel RATE function