- 2 You Are Saving For Your Child S College Education You Will Need Tuition Which Will Be 30 000 Each Year For 4 Years 1 (8.84 KiB) Viewed 9 times
2. You are saving for your child's college education. You will need tuition, which will be $30,000 each year for 4 years
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2. You are saving for your child's college education. You will need tuition, which will be $30,000 each year for 4 years
2. You are saving for your child's college education. You will need tuition, which will be $30,000 each year for 4 years, with the first tuition payment due 10 years from today. You decide to make 10 equal payments into a bank account that earns 5% beginning 1 year from today. What will the payments be?