Question 1-College Saving for Noelle Noelle is a 0 year old baby and she will go to college at age 18 (i.e., in 18 years). Annual tuition at her dream college will be $50,000 at that time. Assume that Noelle will spend 4 years in college and that the college savings account can earn 7% per year. You will pay the tuition at the beginning of each college year (i.e., first tuition is due in 18 years, second tuition due in 19 years, and so on). Noelle's mom is planning to save the fixed amount at the end of each year for the next 18 years starting one year from today to pay for his education. What is the fixed annual amount that Noelle's mom has to put away each year for the next 18 years?

Question 1 To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. How much will Gina have in that account at the end of 8th year?

Your daughter will start college one year from today, at which time the first tuition payment of \$58,000$58,000 must be made. Assume that tuition does not increase over time and that your daughter remains in school for four years. How much money do you need today in your savings account, earning 5\%5% per annum, in order to make the tuition payments over the next four years, provided that you have to pay 35\%35% per annum in taxes on any earnings (e.g., interest on the savings)?

your parents are giving you $220 a month for 4 years while you are in college. At an interest rate of .51 percent per month, what are these payments worth to you when you first start college?

Your grandmother will be gifting you $150 at the end of each month for four years while you attend college. At an annual discount rate of 3.7 percent, what are these payments worth to you on the day you enter college? A. $6, 201.16 B. $ 6,539.14 C. $6,608.87 D. $6,682.99 E. $6,870.23

Assume your child will enter college in 10 years. The total cost of a college education is estimated to be $60,000 at that time. You have $10,000 to invest today. What is the rate of interest that you must earn on your investment to cover the cost of your child's education? A. 17.21% B. 13.55% OC. 19.62% D. 25.52%

6. Calculating Interest Rates. Assume the total cost of a college education will be $290,000 when your child enters çollege in 18 years. You presently have $35,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

Soved Assume the totol cost of a college educotion will be $200,000 when your child enters college in 16 years. You presently have $55,000 to Invest. What annualrote of Interest must you earn on your Investment to cover the cost of your child's college education? (Do not round Intermediate calculations. Enter your answer ac o percent rounded to 2 decimal places, e.g., 32.16.) Annual rate of interest

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