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7: 10 POINTS Your parents would like to ensure that your little brother has enough funds to Onance his university education. He is currently 4
7: 10 POINTS Your parents would like to ensure that your little brother has enough funds to Onance his university education. He is currently 4 years old and will need $180; 000 at the age of 18 that is in 14years from now. The interest rate on savings accounts oered by their bank is 6% per year. How much money should your parents deposit in the savings account today so that your brother may have $180; 000in 14 years from now?
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