Tuition at the Home State

Tuition at the Home State

Tuition at the Home State University is currently $10,000 per year, increasing on the average of 6% per year. What is the lump sum needed at the beginning of the freshman year of college to fund an 8-year old child?s college education for 4 years starting at age 18, if the investment return is expected to be 4%?a. $65,778b. $67,706c. $73,727d. $69,502

%d bloggers like this: