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Out-of-state tuition

You know you want your child to be able to go to any school they are interested in, even if it is out-of-state. Estimate the amount you will need to pay each year to save $25,000 for four years of college ($100,000 total) for the average out-of-state tuition cost.

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Financial Modeling in Google Sheets

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Instrucciones del ejercicio

  • Use the pmt() function with the arguments of rate, number of years, present value, and future value to estimate yearly payments in cell B7.

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