Solved: Percent rate of return on investments, Finance Basics

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Percent rate of return on investments

Problem:

You think that in 15 years it will cost $75,000 to give your child a college education. Will you have enough if you take $25,000 today and invest it for the next 15 years at 8 percent? If you start from scratch, how much will you have to save each year to have $75,000 in 15 years if you can earn an 8 percent rate of return on your investments?

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Finance Basics: Percent rate of return on investments

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Finance Basics: Percent rate of return on investments

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