A couple is planning their 3 year old son's college education. They established a college fund...
A couple is planning their 3 year old son's college education. They established a college fund that earns 12% compounded quarterly. What annual deposit must be made from the son's 3 birthday (now) to his 18th birthday to meet the future college expenses of 1,000 monthly fron the 19th birthday to the 21th birthday of their son?
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A couple is planning their 3 year old son's college education.
They established a college fund...
A couple is planning to finance its three-year-old son's university education. Money can be deposited at...
A couple is planning to finance its three-year-old son's university education. Money can be deposited at 6% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $5000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.)
A married couple are trying to finance their four-year-old son's college education. Money can be deposited...
A married couple are trying to finance their four-year-old son's college education. Money can be deposited at 9 % compounded quarterly. What end-of-quarter deposit must be made from the son's 4th birthday to his 18th birthday to provide $60,000 on each birthday from the 18th to the 21st? (Note that the first deposit comes three months after his 4th birthday and the last deposit is made on the date of the first withdrawal.)
Please do it asap A couple is planning to finance its three-year-old son's university education. Money...
Please do it asap
A couple is planning to finance its three-year-old son's university education. Money can be deposited at 5% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $8000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.) Answer:
Question 7 Not yet answered Marked out of 7.00 P Flag question A couple is planning...
Question 7 Not yet answered Marked out of 7.00 P Flag question A couple is planning to finance its three-year- old son's university education. Money can be deposited at 6% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $7000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the...
A man invests 10,000 pesos now for the college education of his 2 year old son....
A man invests 10,000 pesos now for the college education of his 2 year old son. If the fund earns 14% effective how much will the son get each year starting from his 18th to the 22nd birthday?
4) To save for his son's college education, Mr. Graff decides to put $50 credit union...
4) To save for his son's college education, Mr. Graff decides to put $50 credit union account paying 10% interest compounded monthly. If he begins this coram when his son is 3 years old, how much will he have saved by the time his son is 18 years old?
Mark and Kate are establishing a fund for their son's college education. What lump sum must...
Mark and Kate are establishing a fund for their son's college education. What lump sum must the deposit in an account that gives 7% anual interest rate, compounded monthly, in order for them to have 570,000 in the fund at the end of 10 year? O A 1343174 OB. $37.151.74 OG $30 A07.74 OD. 136,131.74
* THEY CAN GO TO COLLEGE AT 18 YRS OLD. 4. An engineering couple is planning...
* THEY CAN GO TO COLLEGE AT 18 YRS OLD.
4. An engineering couple is planning to finance the projected college expenses of their two children. The children are currently aged 1 and 4, respectively. They estimate total college expenses foreach child to be $60000 per year and they assume college wil be four years for each child. At the birth of each child the Grandparents invested $5000 in a fund growing at 8% per year with a ten year...
Question 6 [ 25 points] A father wants to save for his 8-year-old son's college expenses....
Question 6 [ 25 points] A father wants to save for his 8-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $40.000 in constant dollars will be required in order to support the son's college expenses for 4 years. Assume that these college payments will be made at the beginning of the school year. The future general inflation rate is estimated to be 6% per year, and the market interest rate on...
A couple wishes to establish a college fund for their five year old child. The college...
A couple wishes to establish a college fund for their five year old child. The college fund will earn 8% interest (profit) compounded annually. Assuming the child enter college at age 18, the couple estimate that an amount of SAR30,000 per year, in term of today’s riyal, will be required to support the child’s college expenses for four years. College expenses are estimated to increase at an annual rate of 6%. Determine the equal annual deposit the couple must make...
A couple is planning to finance its three-year-old son's university education. Money can be deposited at 6% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $5000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.)
Please do it asap
A couple is planning to finance its three-year-old son's university education. Money can be deposited at 5% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $8000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.) Answer:
Question 7 Not yet answered Marked out of 7.00 P Flag question A couple is planning to finance its three-year- old son's university education. Money can be deposited at 6% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $7000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the...
4) To save for his son's college education, Mr. Graff decides to put $50 credit union account paying 10% interest compounded monthly. If he begins this coram when his son is 3 years old, how much will he have saved by the time his son is 18 years old?
Mark and Kate are establishing a fund for their son's college education. What lump sum must the deposit in an account that gives 7% anual interest rate, compounded monthly, in order for them to have 570,000 in the fund at the end of 10 year? O A 1343174 OB. $37.151.74 OG $30 A07.74 OD. 136,131.74
* THEY CAN GO TO COLLEGE AT 18 YRS OLD.
4. An engineering couple is planning to finance the projected college expenses of their two children. The children are currently aged 1 and 4, respectively. They estimate total college expenses foreach child to be $60000 per year and they assume college wil be four years for each child. At the birth of each child the Grandparents invested $5000 in a fund growing at 8% per year with a ten year...
Question 6 [ 25 points] A father wants to save for his 8-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $40.000 in constant dollars will be required in order to support the son's college expenses for 4 years. Assume that these college payments will be made at the beginning of the school year. The future general inflation rate is estimated to be 6% per year, and the market interest rate on...
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