This paper circulates around the core theme of FINC 350 – Otto is planning for his son’s college education to begin ten years from today. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Otto is planning for his son’s college education to begin ten years from today. He estimates that the end-of-the-year tuition, books, and living expenses to be $10,000 per year for a four-year-degree. How much must Otto deposit today, at an interest rate of 12%, for his son to be able to withdraw $10,000 per year for four years of college?
