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Finance question please help!

QUESTION 14 6.6666 You would like to save enough to be able to afford a college tuition payment of $60,000 per year for four years Your first year of tuition will be in 18 years. You are advised that if you save $5,000 per year and earn 8% per year compounded annually you will achieve your financial goal. The advice you have recieved is correct True False QUESTION 15 6.6666 Diversification is the inclusion of different asset classes in your portfolio. This will increase the probability that some of your investments outperform expectations while others under perform expectations. Overall a diversified portfolio is more likely to provide satisfactory returns than a overly concentrated portfolio True False

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text ta copy. B า 프 . Ej-., Δ. : r_一 逻锂函Merge & Center. $, % , 弼,8 conditional Format . Cell Insert Delete Format Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard Alignment Number Cells Edting PL PM PN PO Pa PR PS PT PU PV PW PX PY 42 43 Q.14 WE ASSUME HERE THAT TUTION FEE IS PAYABLE IN THE BEGINNING OF THE YEAR TUITION FEES YEARS RATE PRESENT VALUE 211877.68 [EXCEL PV(PO50,PO49,-PO48,,1)] 60000 4 9% 45 46 47 48 49 50 51 52 53 54 PMT YEARS RATE FUTURE VALUE 206506.69 [ EXCEL ]FV(PO51,PO50,-PO49) 5000 AFTER 18 YEARS, AMOUNT AVAILABLE WILL BE 206506.69 AGAINST REQUIRED AMOUNT OF 211877.68 SO STATEMENT IS FALSE 56 57 58 59 60 11 1 トーCALCULATOR ( LOAN OPTIONS | pv, fv, annuity 1 CAP STRU VALUE Q.15 TRUE BOX DILUTIONDOLLAR COST AVG MORTGAGE EXPO SheetiSheet Sh rences: x261 福 130% 07:15 22-01-2019

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