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Can someone show how this is done correctly? I am doing it on my calculator but I'm not sure if the answer is right or
Can someone show how this is done correctly? I am doing it on my calculator but I'm not sure if the answer is right or not.
You just had a baby and you start a college fund for them. You want them to go to a good school so you figure you need at least $200,000 saved up. You can afford to put $150 into a savings account each month that earns 2.75% APR. How old will your child be by the time you have the $200,000 saved up? Give your answer in years and months. Show what you typed into the TVM solver plus any additional work! N= 1%= PV= PMT= FV= P/Y= C/Y=Step by Step Solution
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