You want to have $ 2 0 0 , 0 0 0 for your daughter s

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You want to have $ $200, 000$ for your daughter $’$ s education $18$ years from now. If you can earn $9$ percent, compounded monthly, on your savings, how much do you need to deposit at the end of each month to reach your goal?

Posted Date: May 06, 2024 03:33 AM

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You want to have $ 2 0 0 , 0 0 0 for your daughter s

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Expert Answer:

To calculate the monthly deposit needed to reach your goal we can use the future value ... View the full answer

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