Homework answers / question archive / 1) You forecast that in 15 years, it will cost $190,000 to provide your child with a 4-year college education

1) You forecast that in 15 years, it will cost $190,000 to provide your child with a 4-year college education

Finance

Share With

1) You forecast that in 15 years, it will cost $190,000 to provide your child with a 4-year college education. Will you have enough if you take $75,000 today and invest it for the next 15 years at 4 percent?

2) If you can earn 4 percent, how much will you have to save each year if you want to retire in 35 years with $1 million?