Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Nov 2017 My Price 4.00

child’s college education.

A father desires to establish a fund for his new child’s college education. He estimates that the current cost of a year of college education is $20,000 and that the cost will escalateat an annual rate of 4 percent.

 

(a) What amount is needed on the child’s eighteenth, nineteenth, twentieth, and twenty-first birthdays to provide for a 4-year college education?

(b) If a rich aunt gives $10,000 on the day the child is born, how much in additional funds must be set aside at 4 percent on each of the first through seventeenth birthdays to build up the college fund?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Nov 2017 08:11 PM My Price 4.00

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