- Draw the timeline that illustrates the timing of all the events of the situation described above.
- Correctly itemized and totaled costs and contributions to the baby’s fund.
2b. Correctly identified the correct total contributions needed to achieve the stated goals3. How much will Bob and Carol need to have in the bank on the day the baby is born in order to achieve all their goals?
4. What amount needs to be saved at the end of each year in order for Bob and Carol to reach their financial goals?