Computing the cost in ten years using average home costs

Reference no: EM1310230

1) If you invested= $45,000 in the security at 7% rate of return, how much would you have in twenty five years? The average home costs= $275,000 today. How much will it cost in ten years if price rises by 5% each year?

2) You believe in fifteen years it will cost= $214,000 for a college education. Will you have sufficient if you take= $75,000 today and invest for next fifteen years at 4%? If you can earn 4%, how much will you have to put aside each year if you wish to retire in 35 years with $1 million?

Reference no: EM1310230

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