Question
Brenda Young desires to have $22000 saved after 17 years from now for her kid's college fund. If she will earn 7 percent (compounded annually)
Brenda Young desires to have $22000 saved after 17 years from now for her kid's college fund. If she will earn 7 percent (compounded annually) on her money, what amount should she deposit now?
Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
Your Answer:
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Mastering Attribution In Finance
Authors: Andrew Colin
1st Edition
1292114029, 978-1292114026
