How much money will Briana and Ken have to have in the college account on...
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Accounting
How much money will Briana and Ken have to have in the college account on the child's 18th birthday to cover college education? Assume that the yield in investment is 8% per year, college expenses is expected to be $27,000 per year, and the child will complete the degree in 4 years. (Payments of the college cost is at the beginning of each year) (Please put the inputs for the amount of periods(N), interest (i/y), PV, FV, and PMTs so i can follow along better)
(Please put the inputs for the amount of periods(N), interest (i/y), PV, FV, and PMTs so i can follow along better)
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