Education Funding
Kid = 3 years old, Assumed 19 years enter Uni, Investment return = 5.058%, Course inflation = 6%
1. Find FV of fee when your kid is age 19. PV(course fee today), I (inflation), N (no of years to Uni)
2. Find PV[when kid reach 19] (for 3 years course fee) (BGN) PMT (204,000), I (5.058-6/1.06), N (3 years course) = 826,000
3. Find PV(now required) = PV (826,000), I = (5.058%), N = (years to 19 years = 16)
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