Question
Janet's parents wish to set up a trust fund for her college education. Ten years from now they figure they will need an estimated $120,000.
Janet's parents wish to set up a trust fund for her college education. Ten years from now they figure they will need an estimated $120,000. How much should they set aside now (single deposit) into an investment account that will earn 7.4% per year compounded quarterly for 10 years?
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The Routledge Handbook Of Critical Finance Studies
Authors: Christian Borch, Robert Wosnitzer
1st Edition
1138079812, 978-1138079816
