Question
A father wishes to give his daughter $21,000 as a gift on her twenty-first birthday. If the daughter is 9 years old, how much must
A father wishes to give his daughter $21,000 as a gift on her twenty-first birthday. If the daughter is 9 years old, how much must the father invest now at 8% interest compounded quarterly in order to have the money for the gift? Round your answer to the nearest cent?
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
