Your oldest daughter is about to start kindergarten in a

Last updated: 8/13/2023

Your oldest daughter is about to start kindergarten in a private school Tuition is 30 000 per year payable at the beginning of the school year You expect to keep your daughter in private school through high school You expect tuition to increase at a rate of 5 per year over the 13 years of her schooling What is the present value of your tuition payments if the interest rate is 5 per year How much would you need to have in the bank now to fund all 13 years of tuition PV C r a 1 9 9 r