2. Assume the couple John and Helen want to fund a college education for their son, William, age 2. William will attend
Posted: Sun Jul 03, 2022 6:42 am
2. Assume the couple John and Helen want to fund a collegeeducation for their son, William, age 2. William will attend 4years of college starting at age of 18. He needs $60,000 availableat age 18 for his college expense. Starting from now, the coupleplans to invest $3000 to the 529 education fund at the end of eachyear. What rate of annual return do they need to achieve?