Question
11. Mrs. Browne wants to start a college fund for her newest addition, Wade. She makes a payment of $50 at the end of
11. Mrs. Browne wants to start a college fund for her newest addition, Wade. She makes a payment of $50 at the end of each month into an ordinary annuity account paying a 3.5% annual interest rate, compounded monthly. How much will be in the account after 18 years and Wade is ready to go to college?
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
