Bob has 3 children, ages 2, 6 and 8. He would like to pay for
their education at a public college, four years for each child
beginning at age 18. The annual cost of education is currently
$18,000 and has been increasing at 5% and is expected to continue.
If his savings for their education expenses will earn 8.5%,
a) What is the NPV of their college educations?
b)Bob plans to save for their education expenses over the next
10...