Question
Beginning three months from now, you want to be able to withdraw $2,200 each quarter from your bank account to cover college expenses over the
Beginning three months from now, you want to be able to withdraw $2,200 each quarter from your bank account to cover college expenses over the next five years. If the account pays .44 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next five years?
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
