Question
It is assumed that $180,000 will be needed for a 4-yr college education in 12 years. Calculate the monthly payment to an annuity if the
It is assumed that $180,000 will be needed for a 4-yr college education in 12 years. Calculate the monthly payment to an annuity if the interest rate is 4.5% p.a. compounded monthly.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
