EDUCATIONAL FUND FOR

GLEHIAN AND GLENN

RHIAN daughters of
MR. AND MRS. GLENN AND
RHEA APAS
Prepared by:

CLINT M. MARATAS, LLB, RFC, REP

Unit Head
Parakletos Unit/ Stellar Region
Manulife Philippines
Cell No. 0922-215-3201

Educational Plan for Children of Mr. and Mrs. Glenn Apas 1

Educational Fund Computation for Glehian S. Apas

Educational Plan for Children of Mr. and Mrs. Glenn Apas 2

Present Age : 11 years old
Age Entering College : 19
Annual Rate of Tuition Fee Increase : 7%
Number of Years Before Entering College : 8
Current College Annual Tuition Fee : Php 120,000
Investment rate : 12%

I. Future Value of College Annual Tuition Fee Amount

1st Year College Php 206,182

2nd Year College 220,615

3rd Year College 236,058

4th Year College 252,582

Total Future Value of Glehian's College Education Php 915,438

II. To Find Present Value of FV No. of yrs Amount

Assumptions used: investment rate at 12%

Ist year college 8 83,274

2nd year college 9 79,556

3rd year college 10 76,004

4th year college 11 72,611

Amount to deposit @ 12% Investment rate
for Glehian’s College Fund Php 311,445

III. To Look for Annual Funding needed to finance Future Cost of child's education

Present Value = P 311,445

Assumptions Used :

Investment return rate = 12%

Number of years to save = 8

Amt of savings/yr = (55,978)

To Tabulate:
Educational Plan for Children of Mr. and Mrs. Glenn Apas 3
Ag Beginning of Annual Future Cost of End of the
e Year the Year Savings Interest Education Year

12 1 - 55,978 6,717 62,695

13 2 62,695 55,978 14,241 132,913

14 3 132,913 55,978 22,667 211,557

15 4 211,557 55,978 32,104 299,639

16 5 299,639 55,978 42,674 398,291

17 6 398,291 55,978 54,512 508,780

18 7 508,780 55,978 67,771 632,529

19 8 632,529 55,978 82,621 206,182 564,945

20 9 564,945 67,793 220,615 412,123

21 10 412,123 49,455 236,058 225,520

22 11 225,520 27,062 252,582 (0)

Educational Fund Computation for Glenn Rhian S. Apas
Present Age : 8

Age Entering College : 19

Annual Rate of Tuition Fee Increase : 7%

Number of Years Before Entering College : 11

Current College Annual Tuition Fee : 120,000

Investment rate : 12%

I. Future Value of College Annual Tuition Fee Amount

1st Year College Php 252,582
2nd Year College 270,263
3rd Year College 289,181
4th Year College 309,424
Total Future Value of Glenn Rhian's College Ph
Education p 1 ,121,451

II. To Find Present Value of FV No. of yrs Amount

Educational Plan for Children of Mr. and Mrs. Glenn Apas 4

Assumptions used: inv rate at 12%
Ist year college 11 72,611
2nd year college 12 69,370
3rd year college 13 66,273
4th year college 14 63,314
Amount to deposit @ 12% Investment rate Php 271,568
for Glenn Rhian’s College Fund

III. To Look for Annual Funding needed to finance Future Cost of child's
education
Present Value = Php 271,568
Assumptions Used :
Investment return rate = 12%
Number of years to save = 8
Ph
Amt of savings/yr = p (48,810)

To Tabulate:
Beginning of Annual Future Cost End of the
Age Year the Year Savings Interest of Education Year
9 1 - 40,836 4,900 45,736
10 2 45,736 40,836 10,389 96,961
11 3 96,961 40,836 16,536 154,333
12 4 154,333 40,836 23,420 218,589
13 5 218,589 40,836 31,131 290,556
14 6 290,556 40,836 39,767 371,159
15 7 371,159 40,836 49,439 461,434
16 8 461,434 40,836 60,272 562,542
17 9 562,542 40,836 72,405 675,784
18 10 675,784 40,836 85,994 802,614
19 11 802,614 40,836 101,214 252,582 692,082
20 12 692,082 83,050 270,263 504,869
21 13 504,869 60,584 289,181 276,272
22 14 276,272 33,153 309,424 (0)
Educational Plan for Children of Mr. and Mrs. Glenn Apas 5
Educational Plan for Children of Mr. and Mrs. Glenn Apas 6