You decide to invest in the stock market for 6 years as you save for your kids to go to college. The stock you want to invest in is currently selling...

You decide to invest in the stock market for 6 years as you save for your kids to go to college. The

stock you want to invest in is currently selling for $100 per share. Given that you need to earn 12%

return on the $20,000 you have to invest today, what price are you expecting to sell the stock for in

6 years if the stock normally pays a $2/share annual dividend?