Question
Brenda Young desires to have $19800 saved after 13 years from now for her kid's college fund. If she will earn7 percent (compounded annually) on
Brenda Young desires to have $19800 saved after 13 years from now for her kid's college fund. If she will earn7 percent (compounded annually) on her money, what amount should she deposit now?
Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D]
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
