Calculadora de Poupança para Faculdade — Formula

College Savings Calculation

Total Cost = Annual Cost × Years

The monthly savings needed is calculated by finding the gap between the total cost and what your current savings will grow to, then solving for the PMT needed to fill that gap.

Exemplo Resolvido

$30,000/year for 4 years, 10 years away, $5,000 saved, 6% returns.

  1. Total cost = $30,000 × 4 = $120,000
  2. Current savings in 10 years = $5,000 × 1.005^120 = $9,097
  3. Gap = $120,000 - $9,097 = $110,903
  4. Monthly savings needed = ~$679