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Attacks College predicts that in 14 years it will take $250,000 to attend the college for four years. Hailey has a substantial amount of cash
Attacks College predicts that in 14 years it will take $250,000 to attend the college for four years. Hailey has a substantial amount of cash and wishes to invest a lump sum of money for her childs college fund. How much should Hailey put aside in an account with an APR of 12% compounded monthly in order to have $250,000 in the account in 14 years? Round your answer to the nearest cent, if necessary.
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