thommo77

Compare this with Q 11 where daughter goes to college for 4 years. They considered three stages.
The CFAI text says changing CF and resource circumtances decide the end of stage and begining of new stage .
In Q 11 CF does change since college expenses are 40000 they will be reduced after 5 years
In Q 13 there is no talk of ongoing expenses for college that will end sometime in retirement hence only two stages for Q13