Question
Beginning three months from now, you want to be able to withdraw $2,600 each quarter from your bank account to cover college expenses over the
Beginning three months from now, you want to be able to withdraw $2,600 each quarter from your bank account to cover college expenses over the next four years.
If the account pays .66 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
