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assume that you were planning for your child's education. You would like to make deposits every 26 weeks in years zero through 21 with your
assume that you were planning for your child's education. You would like to make deposits every 26 weeks in years zero through 21 with your first deposit to be made today, a total of 43 deposits, So that your child may make withdraws in each year of the years 18 through 21 for tuition. Tuition is currently $3000 but is expected to grow at 4% for each of the next 10 years then at 6% for each of the 11 through 25. If you can earn a stated or nominal annual rate of 7.045% but interest is compounded weekly then how much must you deposit every 26 weeks?
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