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Want to know cost of college education for the 2 children so they can approach Mrs Young’s father about funding a 529 plan. Current cost of education $35K in today’s dollars with expected 5% inflation. Expect children in school six years each and expect rate of return 8.5%

Calculate the PV of each child’s college education (Use real vs nominal approach)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92378228

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