Question 31.1 Click on this article http://www.childstats.gov/ac2000/econtxt.asp Consider the array of economic
statistics facing children as they are reported here. What problems do you
consider the most important? Which measures of economic security are most
heartening and which are the most disheartening and why? http://www.childstats.gov/ac2000/hlthtxt.asp Consider the array of health
statistics facing children as they are reported here. What problems do you
consider the most important? Which measures of health security are most
heartening and which are the most disheartening and why? Question 31.2 Click on this site http://www.fpctools.com/pvcalc.htm Use this financial calculator to
find out how much you would have to save per year in order to pay for a child’s
college education. Assume that you will have a child next year and that they
will go to the school you currently attend. Suppose your college’s tuition will
grow 5% per year over the next 19 years which means you need to multiply your
current school’s tuition by 2.53 (1.0519). Assume an 8% rate of
return on your investments. |