Question
A family wants to have a $130,000 college fund for their children at the end of 16 years. What contribution must be made at the
A family wants to have a $130,000 college fund for their children at the end of 16 years. What contribution must be made at the end of each quarter if their investment pays 7.5%, compounded quarterly?
It is an ordinary annuity,
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
