Finance
posted by Kat .
If a father wants to have $100,000 to send a newborn child to college, how much must he invest annually for 18 years if he earns 9 percent on his funds?

2142
Respond to this Question
Similar Questions

Finance
You wish to retire in 12 years and currently have $50,000 in a savings account yielding 5 percent annually and $100,000 in quality "blue chip" stocks yielding 10 percent. If you expect to add $30,000 at the end of each year to your … 
Finance
John wants a $200,000 house. He is 40 and he retires at 65. He believes he earns 9% annually after taxes. How much must John invest at the end of each of the next 25 years to have the cash purchase price of the house when he retires? 
Finance
21. Ogden wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. … 
Business Finance
21.Ogden wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. … 
Fiance
If a father wants to have $100,000 to send a newborn child to college, how much must he invest annually for 18 years if he earns 9 percent on his funds? 
finance
David will retire to Florida in ten years. After he retires, he wants to take out $28,000 at the end of each year for 15 years. If he can invest the money at 8% annually, what amount must he invest today? 
finance
How much would Greg need to have on deposit at retirement in order to withdraw $35,000 annually over the 15 years if the retirement fund earns 4 percent? 
Finance
Simon wishes to have $400,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump sum deposit today. How much would Simon need to have on deposit at retirement in order to withdraw $35,000 … 
math
Your invest $3,000 annually in a mutual fund that earns 10 percent annually and you invest all distributors. How much will you have in the account at the end of 20 years? 
finance
You wish to retire in 12 years and currently have $50,000 in a savings account yielding 5 percent annually and $100,000 in quality "blue chip" stocks yielding 10 percent. If you expect to add $30,000 at the end of each year …