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Brenda Young wants to have $22,000 eight years from now for her daughter's college and university fund. If she earn (compounded annually) on her money,
Brenda Young wants to have $22,000 eight years from now for her daughter's college and university fund. If she earn (compounded annually) on her money, what amount should she deposit now? What if she earns 6 percent APR comp quarterly? Use the present value of a single amount calculation. (Do not round your intermediate calculations. Rou answers to 2 decimal places. Omit the "S" sign in your response.) Amount to be deposited (compounded annually) Amount to be deposited (compounded quarterly) $ $ Help Save
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