Question
Caroline would like to save for her newborn daughter=s college education. She thinks she will be able to deposit $5,000 at the end of each
Caroline would like to save for her newborn daughter=s college education. She thinks she will be able to deposit $5,000 at the end of each of the next 18 years. If the account earns 6% interest per year, how much will she have 18 years from now?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
