Question
At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of 4.9% compounded monthly. You figure your child
At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of 4.9% compounded monthly. You figure your child will need $20,000 at age 18 to begin college. What monthly deposit is required? (Round your answer to the nearest cent.) $ ___ Per Month?
How much are you paying a month?
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
