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Jim is 24 and earns 62,000 a year. He wishes to invest for his daughters college education, which is 18 years away.

Jim is 24 and earns 62,000 a year. He wishes to invest for his daughters college education, which is 18 years away.
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5 votes
Jim is 24 and earns 62,000 a year. He wishes to invest for his daughters college education, which is 18 years away.

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User Mflodin
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8.4k points

1 Answer

4 votes
Jim will be 42 by the time his daughter enters college, If Jim continues to save up his earning of 62k a year by the time his daughter is 18, he would have saved up to 1M,160k. 
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User Hiergiltdiestfu
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8.5k points
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