Question
A pair of proud parents wants to set aside $100 monthly for their newborn baby daughters college fund. After 18 years, how much money would
A pair of proud parents wants to set aside $100 monthly for their newborn baby daughter’s college fund. After 18 years, how much money would be available if the college fund is an annuity at an interest rate of 6%, compounded monthly?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
