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A couple wants to save money for their child's college $150,000 or their retirement is the child doesn't want to go to college. A) How much money...
A couple wants to save money for their child's college $150,000 or their retirement is the child doesn't want to go to college.
A) How much money does the couple need to put away for 18 years at 4.25% interest compound monthly to reach their goal?
B) How much money does the couple need to put aside each month for 9 years at 4.25% interest compound monthly to reach their goal?
C) Is it important to start early to reach their goals to pay for their child's education?
D) How much money does the couple need to put aside each month for 18 years at 8.25% interest compounded monthly to reach their goal? At 3.25% compounded monthly?
