Question
A couple decides that in 16 years they will need to have saved $47,000 for their 2-year old child's post-secondary education. How much should be
A couple decides that in 16 years they will need to have saved $47,000 for their 2-year old child's post-secondary education.
How much should be invested now at 5.9% annual interest, compounded weekly, in order to save this amount for their child's post secondary education?
- $9,876.53
- $18,296.01
- $18,502.73
- $12,656.50
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Business Analytics Data Analysis and Decision Making
Authors: S. Christian Albright, Wayne L. Winston
5th edition
1133629601, 9781285965529 , 978-1133629603
