The average cost of a 4-year college education is projected to be $130,000 in 20 years. How much money should be invested now at

Question

The average cost of a 4-year college education is projected to be $130,000 in 20 years. How much money should be invested now at 8% compounded quarterly to provide $130,000 in 20 years?

Kunduz · Accepted Answer

Click to see the answer