Question
Brenda Young desires to have $21450 saved after 14 years from now for her kid's college fund. If she will earn 5 percent (compounded annually)
Brenda Young desires to have $21450 saved after 14 years from now for her kid's college fund. If she will earn 5 percent (compounded annually) on her money, what amount should she deposit now?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
