What rate of interest must you earn on your investment to cover the cost of your child?s education?
September 16, 2022
How much would an investor have to set aside today in order to have $20,000 five years from now if the current rate is 15 percent?2.If we deposit $5,000 today in an account paying 10 percent, how long does it take to grow to $10,000?3.Assume the total cost of a college education will be $50,000 when your child enters college in 12 years. You have $5,000 to invest today. What rate of interest must you earn on your investment to cover the cost of your child?s education? <
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