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A family wants to have a $190,000 college fund for their children at the end of 19 years. What contribution must be made at the
A family wants to have a $190,000 college fund for their children at the end of 19 years. What contribution must be made at the end of each quarter if their investment pays 7.3%, compounded quarterly? (a) State whether the problem relates to an ordinary annuity or an annuity due. o ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read It Master It Talk to a Tutor [-/1 Points] DETAILS HARMATHAP12 6.3.041. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in a savings plan that earns 6%, compounded monthly. This savings plan continues for 10 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 25 years after the plan began? (Round your answer to the nearest cent.) $
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