Question
Beginning three months from now, you want to be able to withdraw $2,000 each quarter from your bank account to cover college expenses over the
Beginning three months from now, you want to be able to withdraw $2,000 each quarter from your bank account to cover college expenses over the next four years. If the account pays .5 percent interest per quarter, how much do you need to have in your bank account today to meet your expenses needs over the next four years?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
