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Unformatted text preview: Total Day care fee+Total Expenses+Total university tuitionRESP's grant= $314,218.58 b) private schooling fee: PMT:$24,996.00 2083*12 I: 2.940% n: 12 PV: $249,703.80 Total cost for pebbles= $563,922.38 1. Real interest rate is 2.94% per year 3. Pebbles will go to school in this year. The other words, she just is 6 now. 4. Pebble’s day care fee will be paid by monthly. 5. Pebble’s university tuition fee is $5,000 per year for a 4 years’ degree. 6. When Pebble was to include private schooling, the tuition fee will be paid by annual. 7. The point of present value cost is that Pebbles starts 6 years old. PV 5(2.94%,5ys,)= PV' 6(2.94%, 10ys)= PV'' 6(2.94%, 13)= PV''' 6(2.94%,13ys)=...
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This note was uploaded on 10/14/2011 for the course ADMS 3541 taught by Professor Staff during the Winter '10 term at York University.
 Winter '10
 staff

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