My son Liam is now 2 years old. I want to plan for his college education once he reached 17 yo until he finished his studies at the age of 22 yo. I am willing to spend P10,000.00 today with a rate of return of 14%, in order to finance his college studies. How much will Liam receive every end of the year starting on his 17th birthday until he finished his college studies at the age of 22?
My son Liam is now 2 years old. I want to plan for his college education once he reached 17 yo until he finished his studies at the age of 22 yo. I am willing to spend P10,000.00 today with a rate of return of 14%, in order to finance his college studies. How much will Liam receive every end of the year starting on his 17th birthday until he finished his college studies at the age of 22?
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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