You want to send your grandchild to a prestigious university.You heard that a college education will cost $500,000 in 18 years.If you invest $10,000 at the end of each year,what IRR will you need in order to reach your goal of $500,000?
A)9)07%
B)13.35%
C)12.25%
D)10.92%

Question

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The Answer of You want to send your grandchild to a prestigious university.You heard that a college education will cost $500,000 in 18 years.If you invest $10,000 at the end of each year,what IRR will you need in order to reach your goal of $500,000?
A)9)07%
B)13.35%
C)12.25%
D)10.92%

You Want to Send Your Grandchild to a Prestigious University