Question
A couple just had a baby. How much should they invest now at 5.3% compounded daily in order to have $35,000 for thechild's education 17
A couple just had a baby. How much should they invest now at 5.3% compounded daily in order to have $35,000 for thechild's education 17 years from now? Compute the answer to the nearest dollar.(Assume a365-day year.)
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
