A mother wants to put sufficient money in the bank to cover university expenses for her daughter
Question:
A mother wants to put sufficient money in the bank to cover university expenses for her daughter in 15 years. She estimates that in 15 years $100,000 will be necessary to pay for university. The bank pays 8 percent compounded annually.
How much does she need to deposit today to have sufficient money in 15 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To find out how much the mother needs to deposit today to cover the u...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
2+ Reviews
10+ Question Solved
Related Book For 
Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
Question Posted:
