Copy of Silva_Ashley_Assignment1.xlsx - 529 Plan Years Periods Annual Rate Quarterly Rate Contributions EAR 18 72 8.50 2.125 $822.40 8.77 College

Copy of Silva_Ashley_Assignment1.xlsx - 529 Plan Years...

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529 Plan Years 18 Interest Rate $822.40 Periods 72 5% Annual Rate 8.50% 6% Quarterly Rate 2.125% 7% Contributions $822.40 8% EAR 8.77% 9% 10% 11% College 12% Tuition $18,086.00 Tuition @YR 18 $36,638.92 Increase 4.00% Years 4 PV of Tuition Year 1 Tuition $36,638.92 Year 2 Tuition $38,104.47
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Unformatted text preview: Year 3 Tuition $39,628.65 Year 4 Tuition $41,213.80 Total tuition $155,585.84 NPV of tuition Yr 1 $36,638.92 NPV of tuition Yr 2 $ 35,030.61 NPV of tuition Yr 3 $ 33,492.90 NPV of tuition Yr 4 $ 32,022.69 Sum of NPV $137,185.12...
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  • Spring '14
  • AdamThurgood

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