Stephanie wanted to save for her daughter's education Tution costs $10,000 per year in today's dollars Her daughter was bo 1550 Stephanie can eam 12% on her investments and tution inflation is 6% How much must Stephanie save at the beginning of each year if she wants to make her lust savings p daughter's first year of college? $1,889 $2,104 O $2,389 $1,687 beginning of her

Your older sister deposited $50,000 today at 14 percent interest for 12 years. You would like to have just as much money at the end of the next 12 years as your sister will have. However, you can only earn 12 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 12 years?   Question 15 options:   9,863   10,458   7,120   8,321   11,832

In 25 years, you are hoping to have saved $120 000 towards your child’s university education. If you are able to save $3000 at the end of each year for the next 25 years, what rate of return must you earn on your investments in order to achieve your goal? a. 5% b. 6% c. None of answers given  d. 4%

iv Jaimie just graduated and would like to purchase a house in 4 years. If she has $215 automatically invested out of each paycheck at the end of each month for 4 years into an emerging markets value fund paying 11% (compounded monthly), how much of a down payment will she have at the end of 4 years? a. $133,058 b. $12,891 c. $12,600 d. $130,000 e. $12,461