Rochelle Kotter wants to attend a university five years from now. She will need $88,000. Assume Rochelles

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Rochelle Kotter wants to attend a university five years from now. She will need $88,000. Assume Rochelle’s bank pays 3 percent interest compounded monthly. What must Rochelle deposit today to accumulate $88,000 in five years?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Question Posted: Jul 31, 2015 09:03 AM

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Rochelle Kotter wants to attend a university five years from now. She will need $88,000. Assume Rochelles

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