Question
A couple just had a baby. How much should they invest now at 5.3% compounded daily in order to have $30,000 for the child's education
A couple just had a baby. How much should they invest now at
5.3%
compounded daily in order to have
$30,000
for the child's education
18
years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.)
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Canadian Business & the Law
Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz
4th edition
176501622, 978-0176501624
