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Justin found a mutual fund that promises a 10.50% rate of return with quarterly compounding. He wants to use it to develop a college
Justin found a mutual fund that promises a 10.50% rate of return with quarterly compounding. He wants to use it to develop a college fund for his kids. If he wants to have $60,000 in 20 years, how much money will Justin need to deposit today in the account?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
