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Calculate the college fund required to start a four year college program in 15 years time....

Calculate the college fund required to start a four year college program in 15 years time. The tuition fees are currently 12,000 and are first payable at the start of year 16. Inflation is 4% and the rate of return is 9%. Calculate the lump sum which needs to be invested today to provide the college fund.

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jeff jeffy answered 1 year ago
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