Your parents invest $10,000 in a collegefund when you are born. They find afund that will return 8% per year for 18years.When you are 18 you find a school thatcharges $12,000 tuition per year. Tuitionincreases at a rate of 11% per year (sothe second year will have a tuition of13200) , will this money take care of fouryears of school? How many years ofcollege will this take care of? Explainyour answer fully.

Name: Your parents invest $10,000 in a collegefund when you are born. They
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Your parents invest $10,000 in a collegefund when you are born. They find afund that will return 8% per year for 18years.When you are 18 you find a school thatcharges $12,000 tuition per year. Tuitionincreases at a rate of 11% per year (sothe second

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Answered: Your parents invest $10,000 in a coll…

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Your parents invest $10,000 in a coll fund when you are born. They find a fund that will return 8% per year for years. When you are 18 you find a school th