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Quilici Family Greg and Debra Quilici own a four bedroom home in an affluent neighborhood just north of San Francisco, California. Greg is a fellow in crime in the family owned commercial pictorial matter business. Debra now sash home with their child, Brady, who is age 5. Until recently, the Quilicis have matt-up very lei surely with their financial position. After visiting Lawrence Krause, a family financial planner, the duet became concerned that they were spending too a great deal and non put profuse funds excursus for two their childs future gentility compulsions and their own retirement. Greg earns $85,000 per year, besides with the rising costs of education, their bygone contribution efforts have left(p) them short of their financial goals. To fancy the amount of bullion the Quilicis need to begin putting aside for future security some(a) general information was obtained by their financial planner. The couple mat that the amount of money they shortly contribute to their Koegh plan would be sufficient for their retirement needs. What they had not accounted for was Bradys education. Greg is an alumni of Stanford University, a private coach with an extremely high cultivation of approximately $20,000 per year. Debra graduated from the University of normality Carolina at Chapel Hill. The education expense there is merely $2,500 per year.

When Brady turns 18, the couple wishes to send him to each of these exceptional universities. They have a slight preference for the much more local Stanford University. The problem, however, is that with the localise at which tuition is increase the Quilicis are not sure they ! can raise enough money. To assist in the calculations, have a bun in the oven the tuition at both universities will increase at an annual rate of 5%. Living expenses are currently estimated at $6,000 per year at both schools. This expense is expect to grow at only 3% per year. Further train the Quilicis can deposit their money into a growth point mutual fund at Neuberger & Berman Management, Inc.,...If you want to pee a full essay, narrate it on our website: OrderCustomPaper.com

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