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You would like to have $200,000 in a college fund in 15 years how much do...

You would like to have $200,000 in a college fund in 15 years how much do you need today if you expect to earn 12% while you are investing to pay for your child's college
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Answer #1
FV $         2,00,000
r 0.12
n 15
PV= FV/(1+r)^n
Where,
FV= Future Value
PV = Present Value
r = Interest rate
n= periods in number
= $200000/( 1+0.12)^15
=200000/5.47357
= $36539.25
Amount Need To Have Today = $36539.25
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