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Calculate the Future Cash Outflow, Lump Sum Outflow (when college begins), and the Required Annual.. 1 answer below » Calculate the Future Cash Outflow, Lump Sum Outflow (when college begins), and the Required Annual Savings for Jose Degala, 10 years of age. Tuition, currently at $16,000 per year, is expected to increase 5% a per year and that they can earn about 7% return on their investments. Child’s Name Jose 1. Annual College Cost (Today’s Dollar Amount) $ 16,000 Number of periods until student begins college 8 Inflation5 5.00% 2. Cash Outflow Future: $ ??? Number of Periods Child Will Attend College 4 Inflation% 5.00% Education Investment Rate 7.00% Real Rate (inflation-adjusted)% ??? 3. Lump Sum View complete question » Calculate the Future Cash Outflow, Lump Sum Outflow (when college begins), and the Required Annual Savings for Jose Degala, 10 years of age. Tuition, currently at $16,000 per year, is expected to increase 5% a per year and that they can earn about 7% return on their investments. Child’s Name Jose 1. Annual College Cost (Today’s Dollar Amount) $ 16,000 Number of periods until student begins college 8 Inflation5 5.00% 2. Cash Outflow Future: $ ??? Number of Periods Child Will Attend College 4 Inflation% 5.00% Education Investment Rate 7.00% Real Rate (inflation-adjusted)% ??? 3. Lump Sum Outflow (when college begins) ??? Number of periods until student begins college 8 Education investment Rate% 7.00% 4. Assets Required Future 0 5. Required Document Preview: Calculate the Future Cash Outflow, Lump Sum Outflow (when college begins), and the Required Annual Savings for Jose Degala, 10 years of age. Tuition, currently at $16,000 per year, is expected to increase 5% a per year and that they can earn about 7% return on their investments. Child’s Name Jose 1. Annual College Cost (Today’s Dollar Amount) $ 16,000 Number of periods until student begins college 8 Inflation5 5.00% 2. Cash Outflow Future: $ ??? Number of Periods Child Will Attend College 4 Inflation% 5.00% Education Investment Rate 7.00% Real Rate (inflation-adjusted)% ??? 3. Lump Sum Outflow (when college begins) ??? Number of periods until student begins college 8 Education investment Rate% 7.00% 4. Assets Required Future 0 5. Required Annual Savings $ ??? REQUIRED: (a) Cash Outflows Future ?????? (Round your answer to the nearest whole dollar. Omit the comma and “$” sign in your response.) (b) Real Rate (inflation-adjusted) ?????? (Round your answer to the nearest 4 decimals. Omit the “%” sign in your response below. For example: 2.3432, 1.2167) (c) Lump Sum Outflow (when college begins) ?????? (Round your answer to the nearest whole dollar. Omit the comma and “$” sign in your response) (d) Required Annual Savings ?????? (Round your answer to the nearest whole dollar. Omit the comma and “$” sign in your response) Question 1 (2 points) Question 1 options: 1) Melinda earned $50,000 and paid taxes of $12,500. She would have paid $35 on the next $100 she made. Compute her average and marginal tax brackets. (Round your answer to the nearest whole number. Omit the “%” sign in your response.) Average Tax Bracket: Marginal Tax Bracket: Save ________________________________________ Question 2 (1 point) Question 2 options: Murray was in the following marginal tax brackets: federal, 35 percent; state, 7 percent; local, 4 percent. What is his total marginal tax bracket? (Round your answer to the nearest whole number. Omit the “%” sign in your response.) Total Marginal Tax… Attachments: Q-Attachment…..docx View less » Jul 30 2015 10:54 AM
