Question
Jane would like to save money for her sons college education by making monthly deposits into an account that earns 2.9% annual interest compounded monthly.
Jane would like to save money for her sons college education by making monthly deposits into an account that earns 2.9% annual interest compounded monthly. Janes son will be 18 in 16 years and she would like to have $45, 000 for his education when he turns 18. How much should Jane deposit each month into her account?
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Emerging Markets And The Global Economy A Handbook
Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen
1st Edition
0124115497, 978-0124115491
