Business, 07.03.2021 23:30 whatsittoya4261

Presently college education is increasing at the rate of 10% per year. If currently college cost is running at $22,000 a year, what will the Marcottes need to have saved up for Paloma in 7 years and for Joel in 15 years. Assume that the Marcottes are in the 25% tax bracket, and 6.5% for the State taxes. Furthermore you can assume that the Marcottes can earn 2% on their investments. You can use the financial calculator at https://bigfuture. collegeboard. org/pay-for- college/college-costs/college-costs -calculator to find the answer. Assume that presently the Marcottes can only save $100 a month towards each kid’s educational funding. What are some saving programs and tools that the Marcottes might consider for this goal?

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Presently college education is increasing at the rate of 10% per year. If currently college cost is...

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